EN Investors DebtCredit facilities CREDIT FACILITIES Download Pirelli Financials On March 31, 2020 Pirelli subscribed to a new €800 million financing with a pool of primary Italian and international banks. The new bank line is entirely sustainable, in accordance with the group’s targets in terms of economic and environmental sustainability. This new financing is unsecured and includes two term loan tranches for a total amount of €600 million and €200 million respectively, both with a 5Y tenor. Tranche Borrower Guarantor Type Amount Maturity Covenant Sustainable Features Tranche 1 Pirelli & C S.p.A. Pirelli Tyre S.p.A. Term Loan €600 million April 2025 Net Debt / EBITDA ESG KPIs Tranche 2 Pirelli & C S.p.A. Pirelli Tyre S.p.A. Term Loan €200 million April 2025 Net Debt / EBITDA Circular Economy KPIs Please find the relevant Press Release at the following web page: https://press.pirelli.com/pirelli-subscribes-to-new-800-mln-euro-sustainable-bank-line/ During 1Q 2019, Pirelli signed a bilateral financing for an amount of €600 million with a primary bank. The transaction, realized at very attractive levels when compared to the corresponding yield requested by the bond market at the time, lengthens the average life of the debt and improves Pirelli’s financial profile as it refinances outstanding debt for the same amount. The bilateral bank line, guaranteed by Pirelli Tyre S.p.A., is unsecured. Borrower Guarantor Type Amount Maturity Covenant Pirelli & C S.p.A. Pirelli Tyre Bilateral Financing €600 million 2024 Net Debt / EBITDA On June 27th 2017, Pirelli closed a €4.2 billion debt refinancing with a pool of 18 primary international banks. The financing was concluded to reduce the cost of debt and to lengthen the average maturity, contributing to an improvement of Pirelli’s financial profile. As a consequence of the above, all previous committed credit facilities have been cancelled. The facilities are unsecured and include both multi-currency term loan and revolving credit facility for a total amount of €3.5 billion and €0.7 billion respectively with tenor from 3 years up to 5 years. Please find the relevant Press Release at the following web page: https://press.pirelli.com/pirelli-successfully-concludes-refinancing-of-banking-lines-for-42-billion-euro/ Borrower Type Original Facility Amount Current Facility Amount Maturity Covenant Pirelli & C S.p.A. Term Loan €1.75 billion REPAID Net Debt / EBITDA Pirelli & C S.p.A. Term Loan €1.75 billion €0.95 billion 2022* Net Debt / EBITDA Pirelli & C S.p.A. Revolving Credit Facility €0.7 billion €0.7 billion 2022* Net Debt / EBITDA *The Facilities include a Pirelli’s sole discretionary option to extend the original maturities up to 2 years and therefore to 2024. Last Revised: 5 Aug 2021 Further information on the company's financial communications is available in the PRESENTATIONS AND WEBCASTS PAGE VISIT ARCHIVE SUPPLIERS' AREA ABOUT US SUSTAINABILITY GOVERNANCE INVESTORS MEDIA CAREER INSTITUTIONAL RELATIONS Copyright © 1995 - 2021 Pirelli & C. S.p.A. - P.IVA: 00860340157 Legal Information Privacy Company Info Cookie Policy Contacts IMPORTANT INFORMATION ABOUT COOKIES This website uses third-party profiling Cookies in order to send you advertisements corresponding to your preferences. If you would like to obtain more information or refuse your consent to use of all or some of the Cookies, you may consult our Cookie Policy. By closing this banner or continuing to browse on our website and access any part of it, you consent to the use of Cookies. AcceptDecline