More Piaggio Growth

[GT-Rx]

Piaggio Signs $168 Million Credit Line With International Banks

Piaggio & C. SpA (PIA) signed a 130 million-euro ($168 million) credit line with international banks to re-finance its medium-term debt and fund growth.
The four-year credit line was underwritten by Bank of America Corp., BNP Paribas SA and HSBC Holdings Plc, Piaggio said in regulatory filing. It is “extendible up to 200 million euros through syndication,” the company said.
Piaggio will use the credit line to re-finance debt maturing in 2012 and fund international growth projected in its 2012-2014 business plan, Europe’s largest motor-scooter maker said. The plan includes boosting production in Vietnam and development of the Moto Guzzi brand, according to the company based in Pontedera, Italy.

Reference link HERE.

[Bill Hagan]

Great to see you back, Todd!

Bound to be a better 2012 for you. It must have helped to see the outpouring of prayers and good wishes here and elsewhere.

Oh, glad to see the Piaggio health news, too.

Bill

[edec]

Ditto ; )
Sincerely, Ed