Brief: KME Group Renews Banks Pool Facility, Factoring Lines

KME SpA

25/11/2022 06:22

Nov 25 (Reuters) - KME Group SpA  KME.MI :
    * KME GROUP: RENEWAL OF BANKS POOL FACILITY AND FACTORING 
    * EXTENSION OF BANK FACILITY FOR EUR 330 MILLION AVAILABLE
ON A
REVOLVING BASIS
    * FACILITY TO EXPIRE ON NOV 30, 2023,  WITH ADDITIONAL
THREE-YEAR
EXTENSION OPTION ON LENDER' CONSENT
    * EXTENDS EUR 376.5 MILLION FACTORING LINES
    * FINALISES FACILITY AGREEMENT WITH GOLDMAN SACHS BANK USA
FOR EUR
110 MILLION TO BE USED FOR EARLY REDEMPTION OF SENIOR SECURED
NOTES DUE IN 2023

Further company coverage:  KME.MI 
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