Pirelli in figures Pirelli in figures (1,28 MB)

Pirelli, on January 9 2015, signed a new revolving line of credit for 1.0 billion euros with a duration of five years which replace previous line of credit worth a total of 1.2 billion euros, launched in November 2010 with maturity in 2015.

Press Release: Pirelli signs new revolving credit line


Details on the Credit Facility signed January 9, 2015


Banks Total Line Maturity Covenant variable Negative Pledge
Bank of Tokyo-Mitsubishi, Barclays Bank PLC, BBVA, BNP Paribas, Commerzbank AG, Deutsche Bank AG, Mizuho, Natixis, Société Générale and UniCredit Bank AG €1.0bln 2020 None Not to grant real guarantees, above a threshold defined as the greater of €200 mln and 5% of Total Assets*

* with the exception of real guarantees on the existing debt or debt to replace it, to be granted by law, relating to “export finance”, “project finance” and subsidized finance

Last Revised: 07 Aug 2015