Prysmian, financing of 1.070 mmllion euro successfully closed with oversubscription.

Prysmian SpA signed today a 1.070 million euro long term credit facility with a pool of primary domestic and international banks. The agreement has maturity 31 December 2014 and will be utilized to refinance the company’s existing facilities, including general corporate purposes, at their maturity date on 3 May 2012. The contract is a “forward start agreement” negotiated in advance respect to the date of its utilization.

“Our sound financial structure and the continuity of our operating results allow Prysmian to keep on counting on a strong trusting relationship with the national and international banking system” - explains Pier Francesco Facchini, Prysmian’s CFO. “In times of tough credit market Prysmian has been able to secure financial resources which assure wide operational and financial flexibility.”

The syndication, launched at the end of November 2009 for 800 million euro has been successfully closed with a material oversubscription. In addition to the five Bookrunners (Banca IMI SpA – part of Intesa Sanpaolo Group, Calyon SA, Citigroup Global Markets Limited, Mediobanca – Banca di Credito Finanziario SpA and UniCredit Corporate & Investment Banking), 16 primary domestic and international banks committed to the facilities. Banca IMI SpA acted also as Global Coordinator and Facility Agent and Calyon SA also as Documentation Agent.