Milan, 29 June 2005 -Autogrill S.p.A. (Milano: AGL IM) has entered two loan contracts with Mediobanca S.p.A. (Milano: MB IM) worth an overall €500m.
The two Euribor-indexed variable rate contracts will provide:
- a 10-year 200m loan involving a single, full repayment on maturity;
- a 7-year €300m revolving credit line.
The operation enables the Company to refinance the short-term credit line contracted with the acquisition of Aldeasa. The average maturity of Autogrill’s debt thus passes from four to six years.