Brief: IRCE, Banco BPM Sign 8-Year Financing Contract For Total Amount Of EUR 10 Mln
24/03/2025 09:55
March 24 (Reuters) - IRCE SpA IRC.MI: SIGNING OF FINANCING CONTRACT FOR A TOTAL AMOUNT OF EURO 10 MILLION DEAL WITH BANCO BPM, DURATION OF CONTRACT SET FOR EIGHT YEARS FINANCING INTENDED FOR WHOLLY OWNED UNIT IRCE ELECTROMAGNET WIRE JIANGSU CO. LTDA IN RELATION TO CONSTRUCTION OF NEW PLANT IN CHINA FINANCING GUARANTEED FOR 70% BY SACE FUTURE GUARANTEE, WITHOUT FINANCIAL COVENANTS, PROVIDES FOR PREAMORTIZATION PERIOD OF 24 MONTHS Further company coverage: IRC.MI (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))