AccorHotels has signed an agreement with a consortium of 15 banks for a new \u20ac1.2bn (\u00a31bn) Revolving Credit Facility. \r\n\r\nThe new facility has a five-year tenor with two one-year extension options to be exercised in 2019 and 2020. It replaces the undrawn \u20ac1.8bn (\u00a31.5bn) facility signed in June 2014, that had been reduced to \u20ac1.2bn (\u00a31bn) following the completion of the AccorInvest disposal. \r\n\r\nAccorHotels has said that the margin will be notably dependent on the group\u2019s performance in terms of Environment, Social and Governance (ESG). This facility will boost AccorHotels\u2019 liquidity and increase the average maturity of its financial resources. \r\n\r\nThe group\u2019s current sustainability performance has been assessed by Sustainalytics, a \u00a0provider of ESG research and ratings to investors globally. The resulting score will be used as the benchmark against which performance improvements will be assessed.\r\n\r\nThis facility falls within the scope of AccorHotels\u2019 \u2018Planet 21 \u2013 Acting here\u2019 program launched in 2016 which aims to see achieve the best possible ethical, social and environmental performance based on six strategic priorities.\r\n\r\nJean-Jacques Morin, CEO of AccorHotels, said: \u201cI am pleased that we AccorHotels are the first global hospitality leader to link the interest rate structure of our new RCF to our sustainability performance. Our group is fully committed to ESG issues, and we take pride in being a member of most key sustainability indices.\u201d\r\n\r\n\r\nThe RCF includes the following 15 banks: BNP Paribas as coordinator, documentation and sustainability agent, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale as coordinator and facility agent, MUFG and Unicredit as coordinators as well as Banco Santander, Bank of America Merill Lynch, Barclays, Citibank, Cr\u00e9dit Agricole CIB, Commerzbank, CM-CIC, HSBC, ING, Natixis and NatWest as mandated lead arrangers.