Hispasat renews and expands a credit line that incorporates sustainability criteria for the first time

The Redeia satellite communications operator, Hispasat, has signed with a group of five financial entities made up of CaixaBank (agent bank for the operation and sustainability coordinator), BBVA, Societé Generale, Bankinter and Kutxabank, a line of credit for an amount of up to 250 million euros.

This agreement, which extends and expands the credit line currently in force, allows the terms and conditions of financing to be adapted to ESG (Environmental, Social and Governance) criteria and indicators aligned with Redeia's policies in this area. This constitutes a milestone within Hispasat's Strategic Sustainability Plan, being the first ESG financing that the company subscribes.

The new revolving and multi-currency credit line extends its maturity period until August 2025, with the possibility of extending it, in annual periods, until August 2027. In this way, the company reinforces its liquidity policy and, at the same time, supports the execution of its 2020-25 Strategic Plan regardless of the conditions that the financial markets may present in the short and medium term.

Juan Jesus Garcia Chaparro, economic-financial director of Hispasat, stated that "in these very complex times in international markets, this support from the financial sector to Hispasat constitutes a great example of confidence in the strength of the company and in its strategic project to advance in the value chain of satellite services, while we are decisively committed to sustainability and socially responsible actions in the scope of our activity."