Aquafil

Capital/Financing Update • Jan 12, 2021

Informazione Regolamentata n. 1938-4-2021		Data/Ora Ricezione 12 Gennaio 2021 17:00:26	MTA - Star
Societa'	:	Aquafil S.P.A.
Identificativo Informazione Regolamentata	:	141268
Nome utilizzatore	:	AQUAFILNSS02 - Tonelli
Tipologia	:	3.1
Data/Ora Ricezione	:	12 Gennaio 2021 17:00:26
Data/Ora Inizio Diffusione presunta	:	12 Gennaio 2021 17:00:27
Oggetto	:	Covenants' holiday agreement
Testo del comunicato

Vedi allegato.

COVENANTS' HOLIDAY AGREEMENT

Arco (TN), January 12, 2021 – At the outbreak of the pandemic the Group immediately implemented a broad action plan aimed at mitigating the financial and operational impact caused by COVID-19. In this context, Aquafil S.p.A. prudently requested and obtained from all the credit institutions the temporary suspension ("covenant holiday") of the verification of the financial parameter Leverage Ratio calculated on the consolidated financial statements as at 31.12.2020.

A similar suspension has been reached with the underwriters of the US Private Placement bonds with contractual add-ons.

Moreover, in the course of 2020, the parent company Aquafil SpA, again in order to continue to better support the operations of the entire Group and minimize possible business risks in a period characterized by extraordinary conditions, stipulated new medium-term financial transactions with credit institutions, bringing the liquidity at 30.9.2020 to € 151 million.

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Aquafil is a pioneer in the circular economy also thanks to the ECONYL® regeneration system, an innovative and sustainable process able to create new products from waste and give life to an endless cycle. The nylon waste is collected in locations all over the world and includes industrial waste but also products – such as fishing nets and rugs – that have reached the end of their useful life. Such waste is processed to obtain a raw material – caprolactam – with the same chemical and performance characteristics as those from fossil sources. The polymers produced from ECONYL® caprolactam are distributed to the Group's production plants, where they are transformed into yarn for rugs carpet flooring and for clothing.

Founded in 1965, Aquafil is one of the main producers of nylon in Italy and worldwide. The Group is present in seven countries and in three different continents, with over 2,800 employees at 16 production sites located in Italy, Scotland, Slovenia, Croatia, Unites States, Thailand and China.

Investors Contact

Karim Tonelli investor.relations@aquafil.com mob: +39 348 6022.950

Barabino & Partners IR T: +39 02 72.02.35.35 Stefania Bassi s.bassi@barabino.it mob: +39 335 6282.667 Agota Dozsa a.dozsa@barabino.it mob: +39 338 7424.061 Media Contact Barabino & Partners T: +39 02 72.02.35.35 Federico Vercellino f.vercellino@barabino.it mob: +39 331 5745.171