PADUA, Italy—Safilo Group signed a new financing agreement for a total of €300,000,000, maturing in September 2027 and consisting of a term loan facility of €150,000,000, a revolving credit facility of €75,000,000 and a Capex line of €75,000,000. The utilization of this new term loan facility, set for Sept. 29, 2022, permits the simultaneous early repayment of the entire bank debt currently represented by the term loan credit facility signed in 2018 with maturity June 2023 (equal to €35,000,000 in June 2022), and by the SACE term loan credit facility signed in 2020, expiring in June 2026 (equal to €108,000,000 in June 2022).

Safilo Group's new financing agreement is signed with a pool of banks consisting of BNP Paribas Italian Branch, Banca Nazionale del Lavoro S.p.A., ING Bank N.V. Milan Branch, Intesa Sanpaolo S.p.A., and Unicredit S.p.A. It extends the duration of Safilo Group's debt and provides the financial resources needed to support the growth of Safilo in the years to come, the company said.