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Fantuzzi loan deal
US investment bank JP Morgan has granted Fantuzzi group two 4-year loans totalling €75M which, according to Fantuzzi’s COO and joint managing director Guido Luini, will be used to “sustain the growth and development of the business, strengthen group financial resources and repay the Fantuzzi Finanace SA Corporate Bond issued in 2001.”
This bond was rescheduled in 2004 and carries high rates of interest (see WorldCargo News May 2004, p4). The first instalment of €35M fell due on 17 July this year and was paid on that day. The next instalment (€40M) is due in July 2007 and the final instalment (€50M) in July 2008.
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This complete item is approximately 450 words in length, and appeared in the August 2006 issue of WorldCargo News, on page 1. To access this issue download the PDF here.
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