Safilo Group S.p.A. finalizes the new financing transaction

06/05/2013
SAFILO GROUP S.P.A. FINALIZES
THE NEW FINANCING TRANSACTION


Padua, May 06, 2013 - Safilo Group S.p.A. communicates that it has signed the agreements related to the financing transaction for a total amount of Euro 100 million, approved by the Board of Directors on March 6, 2013, related to:

1) A new revolving credit facility (part of the existing Senior Loan), for a total amount of Euro 60 million, maturing June 30 2015, underwritten by Intesa Sanpaolo, Unicredit and BNP Paribas;

2) A new revolving financing, for a total amount of Euro 40 million, maturing June 30 2015, underwritten by Multibrands Italy B.V., a company controlled by HAL Holding N.V.. This facility replaces the original commitment undertaken by HAL in 2010 in the context of the Company’s recapitalization plan, providing additional financial flexibility to Safilo in the coming years and confirming Safilo’s main shareholder's commitment to the Group.

The new financing provides Safilo with the adequate financial flexibility in the context of the maturing High Yield notes, which will be reimbursed on May 15, 2013, supporting the Group's ongoing business development needs and the substantial reduction of its average cost of debt.



About Safilo Group
The Safilo Group is worldwide leader in the premium eyewear sector for sunglasses, optical frames and sports eyewear. With an international presence through 30 owned subsidiaries in primary markets – in America, Europe and Asia – and exclusive distributors, Safilo produces and distributes its house brands – Safilo, Carrera, Polaroid, Smith Optics, Oxydo – and the licensed brands Alexander McQueen, Banana Republic, Bobbi Brown (starting from 2014), BOSS, BOSS Orange, Bottega Veneta, Céline, Dior, Fossil, Gucci, HUGO, J.Lo by Jennifer Lopez, Jimmy Choo, Juicy Couture, Kate Spade, Liz Claiborne, Marc Jacobs, Marc by Marc Jacobs, Max Mara, Max&Co., Pierre Cardin, Saint Laurent, Saks Fifth Avenue and Tommy Hilfiger. For further information www.safilo.com


Contacts:

Safilo Group Investor Relations
Barbara Ferrante
ph. +39 049 6985766
www.safilo.com/en/investors.html


Safilo Group Press office
Milan – ph. +39 02 77807607
Padua – ph. +39 049 6985322

Last update: 06/05/2013, 19:30