(Finance) – The Board of Directors of Ansaldo Energy it defined the guidelines of the proposal for a financial and strengthening package
assets, which were sent to the shareholders and illustrated to the lending banks of the syndicate. Such guidelines provideinter alia, a capital strengthening to be achieved through a capital increase of approximately Euro 550 millionincluding the conversion into equity of the shareholders’ loan disbursed by the shareholder CDP Equity, both of the principal amount, equal to approximately Euro 200 million, and of the accrued interest, equal to approximately Euro 50 million.
Furthermore, theextension to 2027 of the expiry currently envisaged in 2023 of pooled bank credit lineswith the related adjustment of the related financial parameters and with the maintenance of the existing cash and unsecured lines, as well as theextension to 2028 of the expiry date of the bond currently scheduled for 2024.
The sending to the shareholders and the meeting with the banks of the syndicate today – explains Ansaldo Energia – took place as part of the activities for the negotiation and definition of the financial debt restructuring and capital strengthening manoeuvre, in support of the execution of the new Business Plan.
The company – he concludes – “will continue the discussions with the lending banks and with the shareholders, with the aim of verifying their support for the financial maneuver and capital strengthening, in order to reach the definition and sharing of the same with all the stakeholders ( including the holders of the debenture loan)”.