Renewal of loan facility that guarantees the Group's planned growth
Rome, 2 December 2011 - Today Astaldi has signed a forward-start agreement to l engthen the maturity date of its existing long-term EUR 325 million loan facility from April 2013 to December 2016. The transaction is
aimed at guaranteeing the financing of investments which
ensure Group s planned grrowth targets for the next
five years.
Furthermore, the transaction provides the Group with a
greater flexibility in its financial structure.
The agreement envisages a new EUR 325 million long-term
revolving credit facility aiimed at guaranteeing the
financial resources needed to support both
the planned
investments for the
next five years and the
acceleration of activities in the
Group's construction and concessions sectors
in relation
to transport
infrastructure, healthcare and renewable energy projects.
"We are extremely pleased with the success of this
transaction - reported Stefano C erri, Astaldi Group's
Chief
Executive
Officer - since it allows us to pursue the planned expansion
of the G roup's activities, without
challenging the basic assumptions of our business plan.
Despite the critical situation of financial markets, the
financing has been completed at conditions which confirm the
financial institutions' support and trust in our
development plans".
The financing was supported by
a pool of
national and
international banks. BI IS (Banca
Infrastrutture
Innovazione e Sviluppo - Gruppo Intesa San Paolo), BNP
Paribas, The Royal Bank of Scotland and Unicredit acted as
Bookrunners and Mandated Lead Arrangers.
°°°
ASTALDI GROUP is the leading General Contractor in Italy whose activities include the design, co nstruction and management of public infrastructures and major civil engineering works.
Listed on the Stock Exchange since 2002, it ended 2010 with an order backlog of EUR 9 billion an d turnover in excess of EUR
2 billion which put it in 93rd position in ENR's list of 2011 Top Global Contractors.
It currently avails itself of the services of approximately 8,000 employees, workin
in 24 countriies worldwide: Italy, Algeria,
Chile, Poland, Romania, Turkey, USA, Venezuela are the markets where traditionally prese nt. Interesting projects are currently underway in Saudi Arabia, Bolivia, Bulgaria, Costa Rica, El Salvador, United Arab Emi rates, Honduras, Nicaragua, Oman, Peru, Russia and Qatar; Brazil, Canada and India represent a ditional areas of interest.
For more information Astaldi S.p.A. PMS Corporate CommunicationsTel. +39 06/41766389 Tel. +39 06/48905000
Alessandra Onorati Giancarlo FrèTorelli
Head of Communicationsand Investor Relations Andrea Lijoi
a.onorati@astaldi.comwww.astaldi.com
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