|Pirelli in figures (2,20 MB)|
|Debt||Debt Structure||Credit Facilities||Bonds Outstanding|
On 28th July, Pirelli closed a 6.4 billion euro debt refinancing with a pool of 19 primary Italian and international banks, which include both term loan facilities and revolving credit facility for a total amount of 5.4 billion euro and 1.0 billion euro respectively.Press Release: Pirelli signs new debt refinancing
The new facilities are senior secured with standard security package for this kind of transactions. Facilities include multi-currency tranches with tenor from 18 months up to 5 years.
As announced last February, with regard to this operation, Pirelli will not activate the Mergeco Facility put at its disposal by a pool of banks in the context of Marco Polo Industrial Holding’s acquisition offer.