Retelit S p A : CLARIFICATION ON LOAN CONTRACT SIGNED WITH SYNDICATE OF LEADING BANKS FOR THE ACQUISITION OF BRENNERCOM S.P.A.
March 25, 2020 at 11:38 pm IST
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PRESS RELEASE
CLARIFICATION ON LOAN CONTRACT SIGNED WITH SYNDICATE OF LEADING BANKS FOR THE
ACQUISITION OF BRENNERCOM S.P.A.
Milan, March 25, 2020 - Retelit S.p.A. (MTA: LIT.MI), following the press release of March 20, 2020 regarding the obtaining by the subsidiary Retelit Digital Services of a loan for the acquisition of Brennercom, as well as the estimates issued by some analysts, it should be noted that the interest rate under the loan agreement is, for the first credit line, at the six-month EURIBOR rate plus 260 basis points and, for the second credit line, at the six-month EURIBOR rate plus 270 basis points.
Retelit Group
Retelit is the Italian leader in constructing tailor-made digital transformation projects, executed on entirely Group-managed platforms. In our 20 years we have been the ideal partner for enterprises, the public sector and operators seeking to tackle head-on the challenges of innovation, thanks to a range which covers the entire value chain of ICT and digitalisation services. The combination of Retelit's proprietary assets (a comprehensive fiber optic network in Italy and across the world and a nationwide Data Center network) and the innovation and digital expertise of PA Group (becoming part of the Retelit Group in 2020) has created a unique player in Italy which can offer integrated digital solutions, from infrastructure to data management and from networks to applications. Retelit has been listed on the Italian Stock Exchange since 2000 and on the STAR segment since September 26, 2016.
Investor Relations
Retelit Communication
Dario Pardi
Letizia Cilente
Tel. +39 02 2020451
Mob. +39 342 9645801
inv.relations@retelit.it
l.cilente@retelit.it
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media.relations@retelit.it
Vincenza Colucci
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vincenza.colucci@cdr-communication.it
Institutional Media Relations
Media Relations ICT
CDR Communication
Laura Poggi
Angelo Brunello
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Francesca Negri
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francesca.negri@in-rete.net
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Retelit S.p.A. published this content on 25 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2020 18:07:09 UTC
Reti Telematiche Italiane SpA (Retelit SpA) is an Italy-based company. The Company is active in the telecommunications market. It provides telecommunications infrastructures and data transmission services. The Companyâs services portfolio includes broadband connectivity, Internet protocol (IP) and multiprotocol label switching (MPLS) services, data centre services, including co-location and housing, and infrastructure. As of December 31, 2011, the Company operated 8,200 kilometers (km) of fiber-optic network, which serves urban and industrialized areas of the Italian territory, as well as a number of data centers, which are designed to house information and communications technology (ICT) systems connected to the network and technological solution guaranteeing integrity and operational continuity. In June 2014, the Company established new subsidiary, Retelit USA LLC.