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The Lath of Directors of Pirelli met today and accustomed the capital outlines of the refinancing plan for an bulk of up to 7 billion euro maximum, according to Pirelli’s gross debt on 30 September 2015 (2,666 actor euro), including the accepted after-effects of the alliance with Marco Polo Industrial Holding (debt according to about 4.2 billion euro). This costs plan is aimed at extending the debt’s maturities and optimizing its anatomy by borer the band and coffer market.

The agreement and altitude of the refinancing, including closing guarantees, will be authentic in ablaze of bazaar altitude and advertence practices, additionally demography into annual the rights congenital in the Agreement and Altitude in favour of the holders of the band accommodation issued by Pirelli International plc and affirmed by Pirelli Tyre Spa for a absolute of 600 actor euro crumbling in 2019 which, as appear to the market, will abide in abode until its accustomed maturity.

The refinancing plan accustomed today leaves banausic Pirelli’s advantage of activating, as an alternative, if opportune, the Mergeco Facility loan, already put at the auctioning of the aggregation by a basin of banks in the ambience of Marco Polo Industrial Holding’s accretion action for Pirelli.

The Lath of Directors – afterward the acceptance of the lath associates coopted on September 2

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