Prysmian Group Refinances €1,000 million Long-Term Revolving Credit Facility

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€1,000 million credit facility successfully renewed.

Prysmian Group, world leader in the energy and telecom cable systems industry, has refinanced its €1,000 million long-term revolving credit facility with a pool of leading Italian and international banks. The strong interest shown by the banks invited to participate and the improved conditions offered by the new agreement demonstrate that the banking system remains confident in the Group. The significant five-year credit facility will contribute to further improving the Group's financial structure by extending the average maturity of its financing, while retaining the flexibility that the instrument offers. The credit facility replaces an analogous facility that was close to maturity, and the... ... More: Official Press Release Prysmian Group

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Prysmian Group, loan, finances, structure, credit, banks