Equita signs medium-term financing agreement to support the Group's growth plan and diversification strategy

• The agreement, signed with Banco BPM and Crédit Agricole Italia, will finance up to Euro 30 million for potential investments in extraordinary transactions and new business initiatives

• The new credit facilities will further optimise Equita's capital structure and improve the matching between maturities of assets and liabilities

Equita, the leading independent investment bank in Italy, today announces that the holding company Equita Group S.p.A. (the “Company” or “Equita” and, together with its subsidiaries, the “Equita Group”) has signed a medium-term financing agreement with Banco BPM and Crédit Agricole Italia for a total maximum amount of Euro 30 million.

The agreement, aimed at supporting the growth plans and diversification strategy of the Equita Group, consists of two credit facilities: an amortising facility of up to Euro 25 million (maturing on June 30, 2025 and repaid in 8 half-year instalments starting December 2021) and a revolving facility of up to Euro 5 million (maturing on June 30, 2023).

The new facilities will finance potential extraordinary transactions aimed at supporting non-organic external growth, as well as investments in new Alternative Asset Management products.

The medium-term financing agreement adds to the other credit facilities already in place, which manage the Group’s ordinary business liquidity.

Equita managed the transaction internally, with a dedicated team from the Investment Banking division, while Banco BPM and Crédit Agricole Italia were assisted by the law firm Studio Legale Dentons.

Andrea Vismara, Chief Executive Officer, commented: “Thanks to this medium-term financing agreement we have further improved Equita’s capital structure. In the past, we had always used equity to finance extraordinary transactions and investments in Alternative Asset Management products. Today, we can count on additional dedicated resources that will allow Equita to benefit from a better opportunity cost of invested resources and that will further match assets and liabilities in terms of maturities”.

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