MILAN – Green light from all six creditor banks to restructure the debt of RCS, which provides for refinancing of 352 million maximum. The editor of the Corriere della Sera , at the center of a dispute between the exchange offer by Urbano Cairo and the counter-takeover bid launched by financier Bonomi roped with historical partners, announced that it had received confirmation by all lenders lenders “who voted favorably on the accession to the reshaping of the finaziamento existing contract”. The editor, said in a statement, “therefore expected to finalize the renegotiation agreement quickly”. E ‘come so even the go-ahead last institution, BNP Paribas, in addition to the confirmation of the other five lending banks, with Intesa Sanpaolo most exposed and Ubi, Unicredit, Mediobanca and pace with her. on 18 May, at the request of Consob, the company had explained that the total value of this financial assistance should be up to a maximum of 352 million. Money is “divided into a term line up to 252 million and a maximum amount of revolving credit facility of up to EUR 100 million.” The revolving credit line is normally a supply of money which the recipient reserves to draw on. This amount of EUR 352 million is net of the full redemption of 71,600,000 of one of the credit lines of the loan agreement, which will take place thanks to refund a portion of the net proceeds coming from the sale of RCS Libri. RCS recalled on that occasion that the agreement with the banks does not put to any companies selling their goods. But are planned, at the end of RCS Mediagroup, with obligations (technically covenants) on the net financial position. This position will have to settle within the threshold of 430 million in 2016 (410 million in the event of sale of non-core assets), of 410 million in 2017 (385 million with disposals)
- Topics:
- RCS
- Cairo Communications
- Mediobanca
- BNP Paribas
- ubi
- Intesa Sanpaolo
- publishing
- bpm
- Starring:
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