(Alliance News) – ATON Green Storage Spa announced on Thursday that its board of directors has approved new bank financing related to increasing lines of credit for existing relationships.
More specifically, it has been agreed with Intesa Sanpaolo Spa, an additional credit line for the mobilization of tax claims of EUR 1.5 million, two new unsecured loans of EUR 6.0 million guaranteed by SACE and Fondo InvestEU, and to sign hedging transactions against the risk of changes in interest rates on the loans.
A new loan of EUR 2.0 million was signed with Banco BPM Spa and a new loan of EUR 6.0 million was opened with UniCredit Spa.
The aim of the banking operations is to partially replace revocable lines of credit with unsecured loans, to extend the term of existing unsecured loans and to gradually redeem the maturing loans, to support the company’s development in the solar agro-industrial sector, to finance the operations in which ATON acts as general contractor and which will take the form of loan assignments, and to secure medium-term financing needs in anticipation of a possible downturn in the credit sector.
The ATON Green Storage share is unchanged at EUR 6.20 per share.
By Giuseppe Fabio Ciccomascolo, Senior Reporter for Alliance News
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2023-07-13 13:29:43
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