Rome, February 11th, 2013 Enel S.p.A.(1) has signed in Amsterdam a 5-year revolving credit facility amounting to about 9.4 billion euros that will be replacing the 10 billion euros revolving credit facility (currently not utilized) set to expire in April 2015, starting from the latter expiry date.
Such new revolving credit line is forward starting, meaning that it may be used starting from the expiry date of the abovementioned 10 billion euros revolving credit facility or from a previous date, concurrently with the possible early cancellation of the latter by Enel.
The new forward starting revolving credit line, which may be used by Enel and/or its Dutch subsidiary Enel Finance International N.V. (secured by the Parent Company), aims at extending further the Groups treasury financial flexibility for its day-to-day cash requirements. This credit facility does not fall under the Groups debt refinancing program.
A large group of banks participated to the transaction, amongst which Mediobanca with the role of Documentation Agent.
The cost of the new credit line will vary depending upon Enel S.p.A.s pro tempore rating, offering at current rating levels a margin of 170 basis points above Euribor with commitment fees of 40% of the applicable margin.
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From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.