ENP Newswire - 23 June 2014
Release date- 20062014 - Italcementi Finance S.A., the Italcementi Group treasury company, signed today with a pool composed by 14 international banks the announced euro 450 million, 5-year syndicated revolving credit facility, replacing the existing euro 920 million syndicated facility due to mature in September 2015, which has been cancelled in conjunction with the signing of the new transaction.
The former facility was not currently being used and therefore there are no impacts on the total debt of the Group.
The new facility has been signed in execution of the term sheet dated May 8, 2014, as described in the Registration Document published by Italcementi on June 6, 2014, in connection with the ongoing capital increase.
In line with the aforementioned term sheet, the new facility agreement contains in respect of the borrower Italcementi Finance S.A. and of the guarantor Italcementi S.p.A. financial covenants in line with those in effect in the former transaction (as described in the Registration Document), measured as of December 31, 2014 and semiannually thereafter, prescribing a maximum leverage ratio (Net Debt / EBITDA) of 3.75 times.
The new facility was established with a group of international banks composed by Mediobanca and Societe Generale Corporate & Investment Banking as Coordinators and Documentation Agents, Banca IMI, BNP Paribas, Credit Agricole CIB, HSBC, Natixis, Royal Bank of Scotland and Unicredit as Mandated Lead Arrangers and Bookrunners and including Banca Popolare dell'Emilia-Romagna, Banca Popolare di Sondrio, Banco Popolare, Credit Industriel et Commercial and UBI Banca as Lenders.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
Tel: (39) 02.29024.212
Tel: (39) 035.396.750