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Pirelli & C — Capital/Financing Update 2015
Oct 13, 2015
4052_mrq_2015-10-13_14887b33-88e2-4826-91f8-ace23014b3b4.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0206-77-2015 |
Data/Ora Ricezione 13 Ottobre 2015 21:41:49 |
MTA | |
|---|---|---|---|
| Societa' | : | PIRELLI & C. | |
| Identificativo Informazione Regolamentata |
: | 64209 | |
| Nome utilizzatore | : | PIRN01 - Svelto | |
| Tipologia | : | IRED 04 | |
| Data/Ora Ricezione | : | 13 Ottobre 2015 21:41:49 | |
| Data/Ora Inizio Diffusione presunta |
: | 13 Ottobre 2015 21:56:49 | |
| Oggetto | : | PIRELLI: MARCO POLO INDUSTRIAL HOLDING ABOVE 50%-OF-CAPITAL OF TWO FINANCINGS POSSIBLE |
THRESHOLD, EARLY REIMBURSEMENT |
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
PIRELLI: MARCO POLO INDUSTRIAL HOLDING ABOVE 50%-OF-CAPITAL THRESHOLD, EARLY REIMBURSEMENT OF TWO FINANCINGS POSSIBLE
Milan, 13 October 2015 – As Marco Polo Industrial Holding has acquired over 50% of the ordinary capital of Pirelli, Pirelli announces that – as already signaled in the Issuer Press Release published on September 8 th , 2015 – with regard to the Payment Date (October 20th, 2015) a "change of control" event will take place with regard to the two financings headed by Pirelli International Ltd. and guaranteed by Pirelli & C. S.p.A. and Pirelli Tyre S.p.A.
Following such an event, the creditors of the "US Private Placement" loans, for an amount of 150 million US dollars, and of one "Schuldschein", for a residual amount today of 43 million, will have the possibility of asking for early reimbursement for a maximum total nominal amount, as of today, of approximately 176 million euro. Eventual reimbursement requests would be satisfied via already available lines of credit and without the need to resort to new financings.
Pirelli Press Office – Tel. +39 02 64424270 – [email protected] Pirelli Investor Relations – Tel. +39 02 64422949 – [email protected] www.pirelli.com
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