Agency / Source: Leonardo S.p.a.

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Leonardo Signed € 2.0 Billion New Credit Facilities to Strengthen the Group’s Liquidity and Support Financial Flexibility - Leonardo signed today new credit facilities with a pool of international banks for € 2 billion. These facilities, together with cash in hand and existing credit lines, result in a total liquidity for Leonardo of over € 5 billion - LeonardoCompany.com
Leonardo Signed € 2.0 Billion New Credit Facilities to Strengthen the Group’s Liquidity and Support Financial Flexibility

 

PRZOOM - /newswire/ - Rome, Italy, 2020/05/06 - Leonardo signed today new credit facilities with a pool of international banks for € 2 billion. These facilities, together with cash in hand and existing credit lines, result in a total liquidity for Leonardo of over € 5 billion - LeonardoCompany.com. FNC IM; SIFI.MI

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Alessandro Profumo, CEO of Leonardo, commented: “The new credit facilities represent further confirmation of Leonardo's commitment to pursuing a disciplined financial strategy even in an exceptional period. Through this, we are further strengthening the Group's liquidity and providing additional financial flexibility in the changed economic environment caused by the COVID-19 pandemic”.

The credit facilities have a maturity of up to 24 months and have no financial covenants.

The facilities were oversubscribed, confirming the strength of Leonardo’s credit profile in the financial markets. The banking pool is composed of the following banks:

Mandated Lead Arrangers and Bookrunners: Banca IMI (Intesa Sanpaolo Group), BNP Paribas, Crédit Agricole CIB, UniCredit
Lead Arranger: Banco BPM
Co-Arrangers: UBI Banca, HSBC, NatWest, Société Générale

Crédit Agricole CIB and UniCredit assumed the roles of Coordinator and Documentation Bank. Banca IMI (Intesa Sanpaolo Group) and BNL Gruppo BNP Paribas will assume the roles of Agent Bank.

Linklaters and Clifford Chance acted as legal advisors respectively to the Banks and to Leonardo.

About Leonardo

Leonardo (leonardocompany.com), a global high-technology company, is among the top ten world players in Aerospace, Defence and Security and Italy’s main industrial company. Organised into five business divisions, Leonardo has a significant industrial presence in Italy, the United Kingdom, Poland and the USA, where it also operates through subsidiaries such as Leonardo DRS (defense electronics), and joint ventures and partnerships: ATR, MBDA, Telespazio, Thales Alenia Space and Avio. Leonardo competes in the most important international markets by leveraging its areas of technological and product leadership (Helicopters, Aircraft, Aerostructures, Electronics, Cyber Security and Space). Listed on the Milan Stock Exchange (LDO), in 2018 Leonardo recorded consolidated revenues of €12.2 billion and invested €1.4 billion in Research and Development. The Group has been part of the Dow Jones Sustainability Index (DJSI) since 2010 and became an Industry leader of the Aerospace & Defence sector of DJSI in 2019.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Leonardo S.p.a.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Aviation/Aerospace articles,
CATCH Visitors via Your Competitors Announcements!


Leonardo Signed € 2.0 Billion New Credit Facilities to Strengthen the Group’s Liquidity and Support Financial Flexibility

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
LeonardoCompany |
Contact: Press Office - LeonardoCompany.com 
+39 06 32473313 pressoffice[.]leonardocompany.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Leonardo S.p.a. securities in any jurisdiction including any other companies listed or named in this release.

Aviation/Aerospace via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From Leonardo S.p.a. / Company Profile


Read Aviation/Aerospace Most Recent Related Press Releases:

Leonardo, Telespazio and Bambino Gesù Children’s Hospital Test the Use of Drones for Biomedical Material Delivery
Leonardo Demonstrates Helicopter-UAV Teaming in the UK with its AW159 Wildcat
Leonardo - Miami-Dade Fire Rescue (MDFR) Upgrades Helicopter Fleet with Delivery of First AW139 Helicopter
Leonardo - Panels for JUICE Solar Arrays Leave the Company’s Milan Plant, They are the Largest Ever Built for an Interplanetary Mission
AFWERX Announces Phoenix Launch Systems, Inc. Among Top Teams Selected to Exhibit At EngageSpace
Leonardo Adds New Airport Ground Operations Safety Technologies to Portfolio
China Eastern Airlines and Thales/ACSS Extend their Avionics Partnership with Retrofit Upgrades for Improving Air Traffic Efficiency and Capacity
Thales Flight Simulator for New H160 Helicopter Ready for Take-off
Tokyo Metropolitan Government Evaluates the AW609 Tiltrotor’s Unique Capabilities to Revolutionize Connections with Ogasawara Island
Leonardo and CrowdStrike Collaborate to Strengthen Organizations’ Security Posture

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com

Visit  Garrison Minerals, LLC







 
  ©2020 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today