Beghelli leaps on the Stock Exchange scoring over 14%, after the announcement of the completion of the agreement to rescheduling the financial debt with the banks.
Signed on 20 December, the agreement is based on the group's financial and industrial plan for the period 2013-2017 and is "aimed at improving the level of competitiveness of the group and achieving business sustainability also through a process of reorganization of the company in a relatively short time”, reads the note.
The creditor banks, relying on the truthfulness and completeness of the declarations and guarantees issued as part of the Agreement reached, have made themselves available to support the Beghelli Group according to the agreed terms and conditions.
The intervention of the banks and leasing companies in support of the Group's capital and financial rebalancing program provides, in summary: confirmation of the credit lines and short-term lines with restoration of the relative availability to the amount existing at the start of the negotiations for the 'Agreement, for a duration of five years, also with the reallocation in favor of Beghelli Spa of part of the short-term lines currently held by the subsidiaries Beghelli China and Beghelli Asia Pacific; moratorium on capital account installments of medium-term loans for a period of four years and remodulation of the related amortization plans, or redefinition with amending deeds of specific loans; reformulation of real estate lease payments through the reformulation of the depreciation plan over a duration four years longer than that contractually envisaged and maintenance of the existing payment terms and conditions for instrumental leases.
With reference to interest on loans, the Agreement provides that the rates and payment periods remain unchanged with respect to the provisions of the respective contracts.
Shortly after 9, the Beghelli share gained 14,35% to 0,5180 euros.
