Prysmian S.p.A. Refinances Debt

On 18 April 2007, Prysmian SpA signed a €1.7 billion long-term credit facility with five primary banks, including a €1 billion loan and a €700 million credit line, allowing the company a wide range of flexibility in its financial management, according to conditions listed in the Italian prospectus that was filed with Italian authorities on 13 April 2007. 

Effective as of the first day of trading of Prysmian shares on the Borsa Italiana MTA (electronic share market), which is currently scheduled for 3 May, the new financing will replace Prysmian's existing credit facility at conditions that the company considers on the whole more advantageous.