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Enex signs €35.5m ESG-linked refinancing facility

ITALY: Enex Technologies, the Treviso-based industrial and commercial cooling equipment manufacturer, has signed a €35.5m ESG-linked refinancing agreement.

The company is a leader in the design and manufacture of “natural” refrigerant-based systems.

The refinancing secures the Enex group’s three-year industrial investment plan and introduces an innovative pricing incentive structure linked to the achievement of defined and measurable ESG targets. 

Enex’s industrial investment programme has four key priorities: expansion of production capacity in natural refrigerant technology lines; acceleration of technology development and innovation roadmap; organic growth and international expansion in high-potential European markets; and acceleration of the group’s presence in the fast-growing data centre cooling segment.

“This agreement is a strategic milestone for Enex Technologies. The new refinancing gives us greater financial strength and visibility to execute on our three-year investment plan, and to accelerate the development of our natural refrigerant technologies in European and international markets,” said Enex Technologies CEO François Audo.

The refinancing was secured through a syndicate of leading financial institutions comprising Banco BPM, together with Cassa Depositi e Prestiti (CDP), Deutsche Bank and Banca Sella.

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