Luxottica has announced that it has changed duration, margins and amount of the approximately €1.0 billion credit facility originally provided in 2004.
Luxottica has announced that it has changed duration, margins and amount of the approximately €1.0 billion credit facility originally provided in 2004.
Enrico Cavatorta, chief financial officer of Luxottica Group, commented: 'We are particularly pleased with the improvement in the terms and the increase in the amount of the credit facility.
'We believe it reflects a strong show of confidence in our Group from a pool of leading national and international banks.'
The banks involved are Bank of America, Citigroup, Royal Bank of Scotland and UniCredit Banca Mobiliare. The mandated lead arrangers are ABN AMRO, Banca Intesa, Calyon, Capitalia and Mediobanca.