AI assistant
Nexi Capital/Financing Update 2025
4248_rns_2025-03-11_56aa1876-61a7-4e1e-b2ca-391c0ba97a36.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
| Informazione Regolamentata n. 2170-8-2025 |
Data/Ora Inizio Diffusione 11 Marzo 2025 07:31:54 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | NEXI | |
| Identificativo Informazione Regolamentata |
: | 202202 | |
| Utenza - Referente | : | NEXIN03 - MANTEGAZZA STEFANIA | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 11 Marzo 2025 07:31:54 | |
| Data/Ora Inizio Diffusione | : | 11 Marzo 2025 07:31:54 | |
| Oggetto | : | Nexi signs a €2.9 billion refinancing, significantly enhancing financial flexibility |
|
| Testo del comunicato |
Vedi allegato
NEXI SIGNS A €2.9 BILLION REFINANCING, SIGNIFICANTLY ENHANCING FINANCIAL FLEXIBILITY
This content is classified as Internal
Milan, March 11 th 2025 – Nexi S.p.A. ("Nexi" or "the Group") is pleased to announce the successful signing of a €2.9 billion financing package. Originally launched as a €2.0 billion refinancing of the 2026 IPO facilities, the offering received significant market support, being largely oversubscribed, proving once more the strong vote of confidence in Nexi's strategic direction and financial health. This strong demand enabled Nexi to upsize the facility to €2.9 billion, which, coupled with the cash already available on the balance sheet, covers most of its debt maturities until 2027.
The financing package comprises two term facilities for an aggregate amount of €1.9 billion, with a bullet maturity in 2030 and a €1 billion committed revolving credit facility (RCF) also maturing in 2030. This new RCF represents a significant upsize from the previous €350 million facility, reflecting Nexi's substantial growth over the past few years and aligning the Group with its main peers in the industry and within the Italian investmentgrade landscape.
The financing extends the average life of the financial indebtedness from ~2.4 years to ~ 3.4. Notably, the facility includes an extension option on the €900 million term facility, providing additional flexibility to smoothen the 2030 maturity wall. The proceeds will be used to repay in full the €1 billion term loan maturing in 2026 and the €0.9 billion term loan maturing in 2027, well ahead of their maturities.
This financing further proves Nexi's well-known disciplined approach to debt management, reinforcing its well-diversified and well-balanced debt structure, while confirming the announced commitment to maintaining the Investment Grade status and the Group's focus on gradual debt and leverage reduction, also addressing its debt maturities well in advance. In keeping with its prudent and sound financial management, Nexi will continue to evaluate every possible future opportunity to further optimize its financial structure.
A syndicate of 25 leading banks participated in this transaction, with Mediobanca acting as Global Coordinator and Documentation Agent, Intesa Sanpaolo acting as Global Coordinator and Facility Agent, and UniCredit acting as Global Coordinator.
"The successful signing of this financing package not only enhances our financial flexibility but also demonstrates the strong confidence the market has in Nexi's strategic vision and operational excellence. This milestone is a testament of our commitment to keep a disciplined approach to debt management and maintain the Investment Grade status," said Bernardo Mingrone, Group CFO of Nexi.
Nexi
Nexi is Europe's PayTech company operating in high-growth, attractive European markets and technologically advanced countries. Listed on Euronext Milan, Nexi has the scale, geographic reach and abilities to drive the transition to a cashless Europe. With its portfolio of innovative products, e-commerce expertise and industry-specific solutions, Nexi provides flexible support for the digital economy and the entire payment ecosystem globally, across a broad range of different payment channels and methods. Nexi's technological platform and the best-in-class professional skills in the sector enable the company to operate at its best in three market segments: Merchant Solutions, Issuing Solutions and Digital Banking Solutions. Nexi constantly invests in technology and innovation, focusing on two fundamental principles: meeting, together with its partner banks, customer needs and creating new business opportunities for them. Nexi is committed to supporting people and businesses of all sizes, transforming the way people pay and businesses accept payments. It offers companies the most innovative and reliable solutions to better serve their customers and expand. By simplifying payments and enabling people and businesses to build closer relationships and grow together, Nexi promotes progress to benefit everyone. www.nexi.it/en www.nexigroup.com
This content is classified as Internal
Nexi - External Communication & Media Relations
| Daniele de Sanctis | Matteo Abbondanza |
|---|---|
| [email protected] | [email protected] |
| Mobile: +39 346/015.1000 | Mobile: +39.348/406.8858 |
Søren Winge Danja Giacomin [email protected] [email protected] Mobile: +45 29 48 26 35 Mobile: +39.334/225.6777
Nexi - Investor Relations Stefania Mantegazza [email protected] Mobile: +39.335.5805703