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Tinexta Capital/Financing Update 2019
4493_rns_2019-03-29_0fc6757c-01f8-4250-b4d9-a76c304f0bfe.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 20053-17-2019 |
Data/Ora Ricezione 29 Marzo 2019 17:34:47 |
MTA - Star | ||
|---|---|---|---|---|
| Societa' | : | TINEXTA S.p.A. | ||
| Identificativo Informazione Regolamentata |
: | 116057 | ||
| Nome utilizzatore | : | TINEXTANSS01 - KAY | ||
| Tipologia | : | 2.2 | ||
| Data/Ora Ricezione | : | 29 Marzo 2019 17:34:47 | ||
| Data/Ora Inizio Diffusione presunta |
: | 29 Marzo 2019 17:34:48 | ||
| Oggetto | : | New Financing up to a maximum of €50,000,000, Underwritten by Intesa Sanpaolo Group and Structured by Banca IMI |
||
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
New Financing up to a maximum of €50,000,000, Underwritten by Intesa Sanpaolo Group and Structured by Banca IMI
Rome, 29 March 2019. Tinexta S.p.A. yesterday signed a loan for an amount up to a maximum of € 50,000,000 with Mediocredito Italiano (Intesa Sanpaolo Group), to finance the acquisition of minority shares of some subsidiaries and to meet other expected financial commitments, among which the extinction of the loan majority shareholder Tecno Holding S.p.A.
The loan, floating rate with a maturity of 31 December 2025, was structured by Banca IMI, the investment bank of the Intesa Sanpaolo Group, which acted as Mandated Lead Arranger of the transaction.
The drawdown will be carried out in one or more solutions within 6 months from the stipulation. Tinexta intends to utilize interest rate hedging instruments to reduce or eliminate the risk of interest rate changes. The cost of the loan will reduce the average cost of Tinexta's financial debt.
TINEXTA S.p.A.
Tinexta S.p.A., listed on the STAR segment of the Milan Stock Exchange, reported the following Consolidated results at 31 December 2018: Revenues of €239.6 million, EBITDA of €66.0 million and Net Profit of €33.1 million. Tinexta Group is one of the leading operators in Italy in its three areas of business: Digital Trust, Credit Information & Management and Innovation & Marketing Services. The Digital Trust Business Unit delivers, through InfoCert, Visura, Sixtema and the Spanish company Camerfirma, products and services for digitization, electronic invoicing, certified email (PEC) and ature as well as services for professionals, associations and SMEs. In December 2018 InfoCert also purchased 50% of LuxTrust to form a strategic joint venture to expand in the Digital Trust market in Europe. In the Credit Information & Management Business Unit, Innolva and its subsidiaries offer services to support credit decision making such as corporate financial statements and real estate information, aggregate reports, synthetic ratings, decision models, credit scoring and credit recovery, while ReValuta offers primarily real estate appraisals and evaluations In the Innovation and Marketing Services Business Unit, Warrant Hub is a leader in consultancy to obtain subsidized financing and for industrial innovation while Co.Mark furnishes Temporary Export Management consultancy to SMEs to assist their commercial expansion. At 31 December 2018, Tinexta Group's staff amounted to 1,294 employees.
| CONTACTS | |||||
|---|---|---|---|---|---|
| Corporate & Financial Communications | Media Advisor | Specialist | |||
| Lawrence Y. Kay | Barabino & Partners S.p.A. | Intermonte SIM S.p.A. | |||
| [email protected] | Foro Buonaparte, 22 - 20121 Milano | Corso V. Emanuele II, 9 - 20122 Milano | |||
| Press Office | Tel.: +39 02 7202 3535 | Tel.: +39 02 771151 | |||
| Carla Piro Mander | Stefania Bassi: +39 335 6282 667 | ||||
| Tel. +39 06 42 01 26 31 | [email protected] | ||||
| [email protected] | |||||
Website: www.tinexta.com, Stock ticker: TNXT, ISIN Code IT0005037210