2012 ANNUAL REPORT - page 285

285
FINANCIAL RISK MANAGEMENT POLICIES
SIGNIFICANT EVENTS AFTER THE REPORTING
PERIOD AND BUSINESS OUTLOOK
Financial risk management policies are discussed in Sections C and C.1 of the Explanatory Notes to the Parent Company
Financial Statements.
Given its available liquidity and an intent to optimise borrowing costs, on 22 February 2013 the Prysmian Group made an early
repayment of Euro 186 million (of which Euro 89 million pertaining to Prysmian S.p.A.) in respect of the payments due in 2013
and in the first half of 2014 against the Term Loan granted on 3 May 2012, which now stands at Euro 484 million.
With reference to the business outlook, please refer to the Directors’ Report contained in the Group Annual Report.
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