Trevi Fin Industriale

Interest Rate Update/Notice • Jun 28, 2019

Informazione Regolamentata n. 0262-33-2019		Data/Ora Ricezione 28 Giugno 2019 21:32:55	MTA
Societa'	:	TREVI GROUP
Identificativo Informazione Regolamentata	:	120212
Nome utilizzatore	:	TREVIN01 - Cocco
Tipologia	:	REGEM
Data/Ora Ricezione	:	28 Giugno 2019 21:32:55
Data/Ora Inizio Diffusione presunta	:	28 Giugno 2019 21:32:57
Oggetto	:	Bond Interest payment date
Testo del comunicato

Vedi allegato.

«TREVI-FINANZIARIA INDUSTRIALE S.P.A. 2014 – 2024» BOND

Interest payment date pursuant to the Terms and Conditions of the Bond, as amended

Cesena, June 28, 2019 – Trevi Finanziaria Industriale S.p.A. (the "Company"), with reference to the bond formerly named «TREVI-FINANZIARIA INDUSTRIALE S.P.A. 5.25% 2014 - 2019» (ISIN Code IT0005038382), currently renamed «TREVI-FINANZIARIA INDUSTRIALE S.P.A. 2014 – 2024» (the "Bond") following the amendments to the terms and conditions of the Bond approved by the Bondholders' Meeting held on May 2nd, 2019 (respectively, the "Terms and Conditions" and the "Bondholders' Meeting Date"), hereby informs that – since the definitive agreements relating to the overall transaction for the recapitalization of the Company and the restructuring of the Trevi Group's indebtedness (the "Transaction"), which are in an advanced stage of negotiation and nearly finalized, have not been yet executed – the closing of the Transaction will not take place within June 30, 2019. Therefore, in compliance with the Terms and Conditions, as amended on May 2nd, 2019, the payment of the interests due and unpaid, following the suspension of payments from the payment date of July 28, 2018, as well as the interests relating to the period starting from January 28, 2019 and due on June 30, 2019, will not occur on June 30, 2019, but within 5 days from the closing date of the Transaction. This date will be communicated by the Company as soon as it will be known.

The Company also points out that the total amount of interests to be paid within 5 days from the closing date, therefore including the interests (i) due at the payment dates of July 28, 2018, October 28, 2018 and January 28, 2019 and not paid by the Company, as well as (ii) accrued and accruing with reference to the current interest period expiring on June 30, 2019 (excluded) is equal to Euro 6,378.08 for each bond, for an overall amount equal to Euro 3,189,041.10. Such amount corresponds to a weighted average rate of 5.44%, calculated taking into account, in relation to the number of days of respective application: (i) the 6% Increased Interest Rate (as defined in the Terms and Conditions) previously in force applied from April 28, 2018 (included) up to the Bondholders' Meeting Date, excluded, and therefore until May 1st, 2019 and (ii) the new 2% interest rate provided by the Terms and Conditions (the so-called "Modified Interest Rate") applied from the Bondholders' Meeting Date, included, therefore from May 2nd, 2019 to June 30, 2019, excluded.

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About Trevi:

Trevi Group is a worldwide leader in the field of soil engineering (special foundations, tunnel excavation, soil consolidation and the building and marketing of special rigs and equipment relevant to this engineering sector); the Group is also active in the drilling sector (oil, gas and water) both in the production of plant and the supply of services, and it also builds automated underground car parks. The Group was established in Cesena in 1957 and today has more than 30 branches and is present in over 80 countries. Its success is due to the vertical integration of the main divisions making up the Group: Trevi, the division that supplies special services in the field of soil engineering, Petreven, the oil drilling division of the Group, Soilmec, the division that produces and develops plant and machinery for soil engineering and Drillmec the division that produces and develops drilling rigs (oil, gas and water). The parent company has been listed on the Milan stock exchange since July 1999.

For further information: Investor Relations: Francesca Cocco - e-mail: investorrelations@trevifin.com Group Communications Office: Franco Cicognani - e-mail: fcicognani@trevifin.com - tel: +39/0547 319503 Ufficio Stampa: Community - Strategic communication advisers - T. +39 02 89404231 Auro Palomba - Auro.palomba@communitygroup.it Roberto Patriarca - T. +39 335 65 09568 - Roberto.patriarca@communitygroup.it