Amplifon: Signing of a 100 million euros financing agreement

Financial
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Last updated on September 28, 2017 at 05:41 pm

Amplifon S.p.A. (MTA; Bloomberg ticker: AMP:IM), global leader in hearing solutions and services, signed today a bilateral medium-term unsecured financing agreement with UniCredit S.p.A. for a total amount of 100 million euros. The new facility consists in a bullet line with a maturity of four years from the signing of the contract and entails customary terms and conditions. The transaction, alongside the bilateral revolving committed medium-term lines recently obtained for a total amount of 195 million euros, is part of the refinancing program of the 275 million euros Eurobond expiring on July 16th , 2018, under significantly better terms and conditions than today. This program will allow a reduction of the average cost of debt, an extension of the average residual debt maturity and a decrease of the excess liquidity.

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