Author: azucenaltz

Pirelli Board Approves New Sustainability-Linked Bank Line of 400 Million Euro

Financial Structure Optimized, Debt Maturities Covered until First Half of 2024 Milan – WEBWIRE – Friday, June 24, 2022 The Board of Directors of Pirelli met and approved the underwriting with a select pool of international banks of a sustainability-linked credit line for an amount up to 400 million euro, with a 19-month maturity that enables the further optimization of the group’s financial structure. The new line, to be used to reimburse part of the debt maturing in 2023, contributes to preserving the liquidity margin, with debt maturities covered until the first half of 2024. The ... Read more