20 December 2017 - 12:22
Astaldi announces that the process of redefining the 31 December 2017 financial covenant for its EUR 500 million Revolving Credit Facility (“RCF”), has been successfully completed with the syndicate of financing banks.
The request to redefine the covenants, as already communicated by the Company on 14 November, was submitted in order to establish new levels with adequate headroom to also accommodate the effects of the impairment of the Group’s exposure to Venezuela, announced at the results at 30 September 2017.
Following the completion of the covenant redefinition process, the margins of interest applied to the RCF have not changed.
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