Press Releases and Statements
Benetton finalizes revolving credit line of 500 million euro
Ponzano, 10 June 2005 – Benetton Group has finalized, with a pool of 10 banks, the negotiation of a revolving credit line for an amount of 500 million euro, expiry 2010.
Kết quả xổ số Cà MauThe financing is at floating rate, Euribor index linked, one, three or six months, with a spread of between 27.5 and 60 basis points.
The loan provides for compliance with three financial covenants, to be calculated every six months based on the consolidated financial statements, namely:
There are also limitations on significant business disposals and on the granting of collateral security for new loans.
The pool of financing banks (all Mandated Leader Arrangers) is composed of: Banca di Roma of Capitalia Group, Banca Intesa, Banca Nazionale del Lavoro, Banco Popolare di Verona e Novara, BNP Paribas, Calyon, Citigroup Global Markets Ltd, HSBC Bank plc, Sanpaolo IMI, Unicredit Banca Mobiliare – UniCredit Banca D’Impresa.
Facility Agent BNP Paribas.
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