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"AlmavivA allocates funds for acquisitions": a €350 million bond has been established, as well as a €70 million credit line - on MF-Milano Finanza

"AlmavivA allocates funds for acquisitions": a €350 million bond has been established, as well as a €70 million credit line - on MF-Milano Finanza

29-10-2021

Ready for growth, with acquisitions in Italy and abroad as well," explains CFO De Felice

AlmavivA launches a new phase of expansion and prepares for international M&A. To ensure it has the resources necessary to complete acquisitions, the company has established a €350 million bond reserved for institutional investors (which met with a demand three times higher than what was offered) and also activated a €70 million revolving credit line.

"The company already had a transaction expiring at the end of 2022, and we got moving well in advance in the capital market not only to refinance at a lower rate, but also to have cash that we could invest in our growth", explains Christian De Felice, AlmavivA’s CFO, to MF-Milano Finanza.