(Reuters) - Italian payments group Nexi said in a statement on Tuesday it had signed a financing package for 2.9 billion euros ($3.15 billion) with the aim of repaying corporate loans ahead of their
Nexi Secures $3.1 Billion Financing for Debt Maturities
(Reuters) - Italian payments group Nexi said in a statement on Tuesday it had signed a financing package for 2.9 billion euros ($3.15 billion) with the aim of repaying corporate loans ahead of their maturities in 2027.
The package, increased from an initial offering of 2 billion euros on the firm's 2026 IPO facilities, entails two term facilities and a committed revolving credit facility, valued at 1.9 and 1.0 billion euros respectively, both maturing in 2030.
"The successful signing of this financing package not only enhances our financial flexibility, but also demonstrates the strong confidence the market has in Nexi's strategic vision and operational excellence," CFO Bernando Mingrone said.
As of the end of December, Nexi reported a net financial debt of 4.97 billion euros, down from 5.22 billion euros as of September 30, 2024.
($1 = 0.9209 euros)
(Reporting by Enrico Sciacovelli, editing by David Evans)
