(Alliance News) - Sicily by Car Spa announced Friday that it has finalized two loans with UniCredit totaling EUR30 million.

In detail, these are two loans: an unsecured loan Futuro Sostenibile Plus of EUR20 million, 70% guaranteed by SACE, intended to support the group's international development plans with a duration of 51 months and repayment in 12 quarterly instalments in arrears starting on 30/09/2025.

The loan is at a floating rate and has the 3-month Euribor as its reference index.

At the same time, the company repaid two prior loans, similarly guaranteed by SACE, having a total outstanding amount of EUR18.12 million at the date of signing the contract.

The second loan of EUR10 million can be disbursed within a maximum period of 36 months from the date of the resolution and is in support of increased working capital requirements.

The loan is at a floating rate with repayment scheduled in a single payment at the end of the 36th month following the date of the line's resolution.

Sicily by Car rises 2.5 percent to EUR4.94 per share, while UniCredit is in the green by 0.6 percent to EUR37.23 per share.

By Claudia Cavaliere, Alliance News reporter

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