Bologna, 25th February 2015 – Datalogic S.p.A. (Borsa Italiana S.p.A.: DAL), a company listed in the STAR Segment of the Italian Stock Exchange managed by Borsa Italiana S.p.A. (“Datalogic”) and global leader in the automatic data capture and industrial automation markets and producer of bar code readers, data collection mobile computers, sensors, vision systems and laser marking systems, announced the signing of a medium-term debt refinancing.
The transaction is part of the strategic plan for future development of the Group that aims to expand the presence in emerging geographic areas with higher growth rate and maintain the leadership in Europe and USA (referring markets) thanks to the continuous innovation of products and technology.
The refinancing contract, signed with a Banking Pool, is worth 140 million Euro with an interest rate that reflects market rates and a five year repayment term with covenants that are substantially in line with the best practice of Datalogic Group for this kind of transaction.
Leveraging the favorable financial market scenario, such refinancing allows Datalogic to further improve its financial structure by lengthening the average repayment term of medium-term debt from the current almost two to four years and to reduce the average cost of debt.
Mandated Lead Arrangers and Joint Bookrunners of the operation are Banca IMI, Banca Nazionale del Lavoro – Gruppo BNP Paribas, Mediobanca and UniCredit. The financing banks are Intesa Sanpaolo, Banca Nazionale del Lavoro – Gruppo BNP Paribas, Mediobanca and Unicredit, while UniCredit Bank AG -Milan Branch will act as the agent bank.
The legal advisors are Studio Grimaldi for Datalogic and Studio Legance for the banks.
The Chairman and CEO of the Datalogic Group, Romano Volta, commented: “We are very satisfied with the agreement signed with the Banking Pool, that has always been close to our Group. The banks’ support to the company confirms the credibility that Datalogic enjoys on the financial market and the confidence in the Group development plans and growth”.