Italgas — Capital/Financing Update 2017

Dec 19, 2017

Informazione Regolamentata n. 0167-67-2017		Data/Ora Ricezione 19 Dicembre 2017 17:46:54	MTA
Societa'	:	ITALGAS
Identificativo Informazione Regolamentata	:	97232
Nome utilizzatore	:	ITALGASN01 - Porro
Tipologia	:	3.1
Data/Ora Ricezione	:	19 Dicembre 2017 17:46:54
Data/Ora Inizio Diffusione presunta	:	19 Dicembre 2017 17:46:54
Oggetto	:	EIB grants a new loan for Euro 360 mln
Testo del comunicato

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Italgas: EIB grants a new loan for a total of EUR 360 million to strengthen the network

Milan, 19 December 2017 - Italgas has signed today a loan agreement with the European Investment Bank (EIB) for a total amount of € 360 million for the financing of some initiatives aimed at strengthening its distribution network and making the gas distribution system even more efficient and secure.

The Project, named «Network Upgrade», consists in the extension and expansion of the gas distribution network, the installation of smart meters and the modernization and replacement of existing assets in order to improve the safety and operational efficiency of the network.

The 360 million Euro loan will be at floating rate and will run for 20 years, of which 5 years will be pre-amortisation, at market conditions particularly. Disbursement is expected by the end of December, as well as the repayment of a previous EIB loan of EUR 300 million.

The closing of this loan is part of Italgas' strategy to optimise its financial structure, both in terms of reducition of the cost of funding and extension of the average duration of EIB loans, totalling 784 million euro, making the Group one of the largest Italian counterparties of the Bank, supporting the significant investment plan envisaged in the Company's Strategic Plan.

This press release is available at the following address www.italgas.it

Investor Relations Italgas +39 02 8187 2012 investor.relations@italgas.it