Pirelli has secured a new term loan line of credit totalling 600 million euros, scheduled to mature in October 2028. This agreement, made with a select group of international banks, falls within the company’s routine efforts to manage and optimise its financial structure.
Nokian Tyres plc has today signed a syndicated revolving credit facility of 200 million euros with a group of five banks, which will replace a total of 175 million euros of existing credit facilities. The company will use the three-year facility, which has two one-year extension options, as a back-up for general corporate purposes.
At a meeting on 22 June, the Board of Directors of Pirelli approved the underwriting of a sustainability-linked credit line for an amount up to 400 million euros. This credit line with a “select pool of international banks” has a 19-month maturity and “enables the further optimisation of the group’s financial structure.”
Pirelli has subscribed to a new 800 million euro line of credit financing with a number of leading Italian and international banks. This line of credit has a five-year maturity and is entirely sustainable, in accordance with Pirelli’s economic and environmental sustainability targets.
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