OVS has secured a €300 million ($330 million) financing agreement that significantly extends its debt maturities while incorporating sustainability-linked features, according to PE Insights. The deal replaces credit lines expiring in 2027 with maturities extended to 2031, providing enhanced financial flexibility and funding visibility. The transaction includes €120 million ($132 million) in term loans and €120 million ($132 million) in revolving credit facilities, alongside an additional €60 million ($66 million) optional line.

The improved terms reflect OVS's strengthened balance sheet, with leverage below 1x and a positive trading outlook. The financing package incorporates sustainability-linked margin adjustments tied to ESG targets including decarbonization and increased use of certified fibers. The facility was arranged by a syndicate of lenders including Banca Monte dei Paschi di Siena, Banco BPM, Crédit Agricole, Intesa Sanpaolo, and UniCredit.

OVS also approved an additional €20 million ($22 million) share buyback programme, reinforcing shareholder returns alongside balance sheet optimisation. The group reported strong trading momentum, with sales growth across its retail networks and brands despite a broadly flat market environment.