Piaggio & C

Capital/Financing Update • Jun 12, 2018

Informazione Regolamentata n. 0835-59-2018		Data/Ora Ricezione 12 Giugno 2018 08:54:58	MTA
Societa'	:	PIAGGIO & C.
Identificativo Informazione Regolamentata	:	105075
Nome utilizzatore	:	PIAGGION05 - LUPOTTO
Tipologia	:	REGEM
Data/Ora Ricezione	:	12 Giugno 2018 08:54:58
Data/Ora Inizio Diffusione presunta	:	12 Giugno 2018 08:54:59
Oggetto	:	MEDIUM-TERM LINE OF CREDIT GRANTED BY POOL OF BANKS	PIAGGIO GROUP: 250 MILLION EURO
Testo del comunicato

Milan, 12 June 2018 – The Piaggio Group (PIA.MI) has arranged a fiveyear 250 million euro line of credit with a pool of banks comprising Bank of America Merrill Lynch, Banca Nazionale del Lavoro, HSBC, Banca IMI, ING Bank, Mediobanca and Unicredit (all acting as mandated lead arrangers and bookrunners).

The main purpose of the facility is to refinance the 175 million euro revolving line expiring in July 2018 and the 25 million euro term loan – expiring in July 2019 – granted by the same pool of banks.

The line of credit consists of a 187.5 million euro revolving facility and a 62.5 million euro amortising term loan.

The line of credit offers better economic terms than refinanced lines of credit: in addition to a reduced cost of borrowing, the new facility will enable the Piaggio Group to enhance the quality of its debt profile by increasing financial flexibility and extending residual average life to about 5 years.

PRESS RELEASE

PIAGGIO GROUP: 250 MILLION EURO MEDIUM-TERM LINE OF CREDIT GRANTED BY POOL OF BANKS

Milan, 12 June 2018 – The Piaggio Group (PIA.MI) has arranged a five-year 250 million euro line of credit with a pool of banks comprising Bank of America Merrill Lynch, Banca Nazionale del Lavoro, HSBC, Banca IMI, ING Bank, Mediobanca and Unicredit (all acting as mandated lead arrangers and bookrunners).

The main purpose of the facility is to refinance the 175 million euro revolving line expiring in July 2018 and the 25 million euro term loan – expiring in July 2019 – granted by the same pool of banks.

The line of credit consists of a 187.5 million euro revolving facility and a 62.5 million euro amortising term loan.

The line of credit offers better economic terms than refinanced lines of credit: in addition to a reduced cost of borrowing, the new facility will enable the Piaggio Group to enhance the quality of its debt profile by increasing financial flexibility and extending residual average life to about 5 years.

For further information:

Piaggio Group Corporate Press Office Director Diego Rancati Via Broletto, 13 - 20121 Milan – Italy +39 02.319612.19/.16 diego.rancati@piaggio.com stefania.giorgioni@piaggio.com

Image Building Via Privata Maria Teresa, 11 - 20123 Milan - Italy +39 02 89011300 - piaggio@imagebuilding.it

Piaggio Group Investor Relations

Viale Rinaldo Piaggio, 25 56025 Pontedera (PI) – Italy +39.0587.272286 investorrelations@piaggio.com piaggiogroup.com