AI assistant
Mundys (formerly: Atlantia SpA) — Capital/Financing Update 2021
May 6, 2021
6228_rns_2021-05-06_1d752944-7c99-4567-9262-bba0a9ffad73.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Press Release
REPAYMENT OF €752M LOAN LINKED TO THE DERIVATIVE CONTRACT OF FUNDED COLLAR ON HOCHTIEF SHARES
Rome, 6 May 2021 - Atlantia announces that is has completed today the repayment of the $\epsilon$ 752m loan associated with the stock loan agreement involving shares in Hochtief and a funded collar transaction entered into with Goldman Sachs International in March 2019, both terminated today.
The funded collar entered into in 2019, involved 5.6m Hochtief shares with an average tenor of 6.5 years.
Following the transaction, Atlantia's net debt is reduced by $\epsilon$ 752m and Atlantia's interest in Hochtief has decreased to 15.9% compared with the 23.9% acquired in 2018.
Investor Relations e-mail: [email protected]
Media Relations e-mail: [email protected]
www.atlantia.com