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Tessellis — Capital/Financing Update 2021
Oct 7, 2021
4246_ltr_2021-10-07_0fa1507d-f066-478a-b284-2660d4f72d64.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0260-45-2021 |
Data/Ora Ricezione 07 Ottobre 2021 19:50:28 |
MTA | ||
|---|---|---|---|---|
| Societa' | : | TISCALI | ||
| Identificativo Informazione Regolamentata |
: | 152801 | ||
| Nome utilizzatore | : | TISCALIN07 - Ilenia Loi | ||
| Tipologia | : | REGEM | ||
| Data/Ora Ricezione | : | 07 Ottobre 2021 19:50:28 | ||
| Data/Ora Inizio Diffusione presunta |
: | 07 Ottobre 2021 19:50:29 | ||
| Oggetto | : | Tiscali S.p.A. - Senior debt restructuring agreement with Banca Intesa and Banco BPM |
||
| Testo del comunicato |
Vedi allegato.
TISCALI SIGNED A SENIOR DEBT RESTRUCTURING AGREEMENT WITH BANCA INTESA AND BANCO BPM
- New maturity of the senior debt as at 31 March 2026, with a grace period to March 2023
- Consequent strengthening of the financial structure of the company
- Resources released for the implementation of the New 2021– 2024 Business Plan
Cagliari, October 7, 2021
The company announces it signed a restructuring agreement with Intesa San Paolo and Banco BPM on the Group medium- and long-term senior debt.
The main elements of the senior debt restructuring agreement are as follows:
- Extending the maturity of the debt as at 31 March 2026, with with a grace period to March 2023 and the consequent strengthening of the financial structure;
- New repayment plan in six-monthly rates, in March and September of each year defined as follows:
- a total of approximately EUR 5.75 million in 2023;
- a total of approximately EUR 13.75 million in 2024;
- a total of approximately EUR 17 million in 2025;
- balance of the residual debt to be paid in full on 31 March 2026;
"The signing of these agreements, in conjunction with the realisation of the EUR 21 million convertible bond with professional investor Nice&Green, represents a further fundamental step in the direction of strengthening the Tiscali financial structure, which combined with the important opportunities offered by the PNRR, provide a solid basis for implementing the new industrial plan approved last September," declared Renato Soru, CEO of Tiscali.
Press Office Ilenia Loi +39 07046011 [email protected]
Information on Tiscali
Tiscali S.p.A. (Borsa Italiana. Milan: TIS) ), Smart Telco with the largest Fiber coverage available in Italy, provides its customers - private individuals, companies and Public Administration - with a wide range of services: Broadband and UltraBroadband Fixed and Fixed Wireless Internet access, mobile phone services and value-added services (including security services, cloud and social media). As at December 31, 2020, Tiscali recorded a customer portfolio of 672,700 units. Tiscali is also one of Italy's leading news websites, with around 11.3 million visitors per month. Tiscali's website may be accessed at www.tiscali.it