For euro 300 million maturing September 2027 and the early repayment of the existing bank debt.
Safilo Group announced the signing of a new financing agreement for a total of Euro 300,000,000, maturing in September 2027 (the “New Financing Agreement”) and consisting of a Term Loan facility of Euro 150,000,000, a Revolving Credit Facility of Euro 75,000,000 and a Capex line of Euro 75,000,000. The utilisation of the new Term Loan facility, set for today’s date, permits the simultaneous early repayment of the entire bank debt currently represented by the Term Loan Credit Facility signed in 2018 with maturity June 2023 (equal to Euro 35,000,000 in June 2022), and by the SACE Term Loan Credit Facility signed in 2020, expiring in June 2026 (equal to Euro 108,000,000 in June 2022).
The New Financing Agreement, signed with a pool of banks consisting of BNP Paribas Italian Branch, Banca Nazionale del Lavoro S.p.A., ING Bank N.V. Milan Branch, Intesa Sanpaolo S.p.A., and Unicredit S.p.A, therefore extends the duration of the Group’s debt and provides the financial resources needed to support the growth of Safilo in the years to come.
