DGAP-News: Telefónica Deutschland Holding AG: Telefónica Deutschland signs Sustainability-Linked Loan

Munich, 18 December 2019

Telefónica Deutschland signs Sustainability-Linked Loan

- First German telecommunications company with "sustainable" syndicated loan

- Margin linked to ESG rating

Telefónica Deutschland concluded a so-called "Sustainability-Linked Loan" in the amount of EUR 750 million via its subsidiary Telefónica Germany GmbH & Co. oHG. The interest margin is linked, among other things, to the fulfillment of ESG criteria (ESG = Environment, Social and Governance) in the areas of environmental and climate protection, social commitment and corporate management. This is based on an independent annual sustainability rating prepared by Sustainalytics, a leading provider of sustainability ratings. The Loan, which runs until the end of 2026, including extension options, prematurely replaces a facility of the same amount which runs until March 2023.

Telefónica Deutschland with its core brand O₂ is involved in ESG's key areas: "Responsible management", "Strengthening life in the digital world" and "Protecting the environment and climate". The central steering tool is the Responsible Business Plan 2020, which was launched in 2016. Next year, the plan will be continued with ambitious targets up to 2025. The company publishes further information on the status of target achievement in the 2018 CR Report
https://www.telefonica.de/investor-relations-en/publications/financial-publications.html

Like the previous loan, the transaction was issued by BNP Paribas, Commerzbank and UniCredit as Bookrunner and Mandated Lead Arranger. UniCredit also acted as Sustainability Structuring Agent and Coordinator.

More information:

Telefónica Deutschland
Investor Relations
Georg-Brauchle-Ring 50
D-80992 München
t +49 (0)89 2442-1010
f +49 (0)89 2442-2000
e [email protected]