IRCE, Banco BPM Sign 8-Year Financing Contract For Total Amount Of EUR 10 Mln

Reuters03-24

March 24 (Reuters) - IRCE SpA ::
*SIGNING OF FINANCING CONTRACT FOR A TOTAL AMOUNT OF EURO 10 MILLION
*DEAL WITH BANCO BPM, DURATION OF CONTRACT SET FOR EIGHT YEARS
*FINANCING INTENDED FOR WHOLLY OWNED UNIT IRCE ELECTROMAGNET WIRE JIANGSU CO. LTDA IN RELATION TO CONSTRUCTION OF NEW PLANT IN CHINA
*FINANCING GUARANTEED FOR 70% BY SACE FUTURE GUARANTEE, WITHOUT FINANCIAL COVENANTS, PROVIDES FOR PREAMORTIZATION PERIOD OF 24 MONTHS
*Further company coverage:
* (Gdansk Newsroom)
* ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 24-MAR-202509:32:06.11 GMT

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