ASTALDI: APPLICATION FOR NEW BRIDGE FINANCE
Astaldi S.p.A. announces that it has submitted an application in order to be authorised, as a matter of urgency pursuant to art. 182-quinquies, subsection 3, Italian Insolvency Law, to take out a loan of EUR 75 million, super senior pursuant to art. 111, Italian Insolvency Law. This new bridge finance is functional to cover urgent financial requirements for corporate business operations up to the deadline for filing the final proposal of composition with creditors. This loan will be underwritten in line with the economic conditions and according to the terms and condition outlined in the binding offer received from a subsidiary of Fortress Investment Group on behalf of own managed funds on 13 December 2018.
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