Finmeccanica has renegotiated the five-year revolving credit Facility that envisages the payment of a spread of 100bp above Euribor, 80bp less than the previous conditions.
The size was also reduced to 2 billion euro, compared to the former 2.2 billion, and the duration extended till July 2020, when there aren’t other repayment duties on the capital market, the company announced today.
The credit line is entirely undrawn both at 31 December 2014 and at 30 June 2015.
In line with the Group financial strategy, the renegotiation will bring savings on financial charges over the next 5 years and confirms the gradual decrease of the working capital financing needs, coherently with the objectives of the Group Industrial Plan.
The credit line will continue to assure for the next five years a banking liquidity source in line with financial market expectations, including rating agencies.
Fincantieri and Finmeccanica have won a US$1.2 billion contract for the construction and equipment of one multipurpose amphibious unit for the Italian Navy
Finmeccanica has denied Alenia Aermacchis C-27J participation in the Saudi Arabian tactical transport aircraft bid. Finmeccanica in response to a news report by French Sole 24 Ore today said, “Alenia Aermacchi has never participated in the international bid called by the Interior Ministry of Saudi Arabia with its C-27J tactical transport aircraft
Fincantieri, Finmeccanica announced today that they have won a 3.5 billion Euros (US$ 4 billion) contract for the construction of seven ships in the plan to renew Italian Navy fleet
Finmeccanica announced Monday that it along with Thales has jointly launched the military telecommunications satellite, SICRAL 2 on April 26 from French Guiana. The satellite was launched with an Arianespace launch vehicle by Thales Alenia Space and Telespazio, the Space Alliance created by Finmeccanica and Thales
Finmeccanica has ‘improved its position in the international ranking of defense companies engaged in the fight against corruption, according to Transparency International (TI). The Indian Central Bureau of Investigation CBI) is continuing with its investigation into the payment of bribes to secure a contract to sell AgustaWestland helicopters to the Indian Air Force
Finmeccanica-Alenia Aermacchi has won an order to supply two C-27J tactical airlifters to an undisclosed African nation. The two aircraft will be delivered starting from 2017 and will be used for the transport of troops and materials and for homeland security and civil protection operating also on semi-prepared strips, the company said in a statement
The Finmeccanica-AgustaWestland AW609 TiltRotor has set a speed record on a 1000 km ‘point-to-point journey. The aircraft, with its combination of the turboprop airplanes speed and helicopters take-off and landing capabilities, flew from its Yeovil facility in southwest England to its Cascina Costa facility near Milan, Italy, a distance of 1161 km, in just 2 hours 18 minutes
Finmeccanica-Selex ES has won a contract from Qatar to supply “Low level radar” system to safeguard the airspace of the nations Armed Forces. The system is a composition of a network of KRONOS radars and associated command and control centres, the company announced today
Finmeccanica has won a $173.6 million contract to sell ten AW189 commercial helicopters to RN-Aircraft
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