Financial Highlights |Italiano |
Print page
|
Bookmark page
|
Recommended page

Renegotiation of the revolving credit facility

On 10 April 2006, Terna SpA signed the renegotiated credit agreement with a pool of banks for a five-year credit facility that it had originally agreed in December 2004, raising the amount from euros 500 million to euros 750 million.
The main changes relate to the following:

  • the reduction of the spread from Euribor plus 17.5 base points to Euribor plus 15 base points, eliminating the previous rating index;
  • a decrease in availment and non-availment fees;
  • the addition of two one-year options to extend the facility. The first maturity date is 10 April 2011.