Reimbursement secured debt
EARLY REIMBURSEMENT OF THE ENTIRE SECURED LOAN GUARANTEED BY THE MPS PORTFOLIO
Milan, 1 June 2021. AMCO announces the early reimbursement of the residual €750million[1] of the loan with UBS and JPMorgan, due to expire on 1 December 2021 and guaranteed by the securitisation of the MPS Compendium’s portfolio.
With the aforementioned reimbursement, AMCO continues to optimise its cost of funding.
The company’s balance sheet remains solid, reporting an estimated as of today debt/equity ratio of 1.3x[2].
[1] As previously communicated, the aforementioned secured loan, originally amounting to €1,000 million, was partially reimbursed for €250 million in January 2021.
[2] Figure at end-2020, pro-forma for the total reimbursement of the aforementioned secured loan and for the issuance of a €750 million senior unsecured bond that took place in April 2021.
