Transaction partners Banca Popolare di Milano and Banca del Mezzogiorno-Mediocredito Centrale

Milan, 30 December 2016 - Piaggio & C. S.p.A. has just obtained two mid-term unsecured bilateral loans for amounts totalling 45 million euro, with Banca Popolare di Milano and Banca del Mezzogiorno-Mediocredito Centrale.

Specifically, Banca Popolare di Milano has granted Piaggio 25 million euro, consisting of a 5-and-a-half-year 12.5 million euro amortising loan, and a tranche for the same amount in the form of a 4-year revolving credit facility

In addition, Piaggio has arranged a 5-and-a-half-year 20 million euro revolving credit facility with Banca del Mezzogiorno-Mediocredito Centrale.

The two new lines of credit are part of the Piaggio Group's on-going activities to optimise its debt structure in order to refinance the portion due in 2017, extend its average debt maturity and reduce its average borrowing cost.

Piaggio & C. S.p.A. published this content on 30 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 December 2016 11:02:04 UTC.

Original documenthttp://www.piaggiogroup.com/en/archive/press/piaggio-group-obtains-two-loans-total-amount-45-million-euro

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