Metinvest Trametal

Metinvest Trametal - SACE Covered Loan

Borrower (s)
Metinvest Trametal
Industry
Metals and Mining/Base metals
Area of finance
Trade Finance Guarantees/Loans
Country
Italy

Deal Overview

SACE is covering the loan for Metinvest, Italian manufacturer of hot-rolled plates used in shipbuilding, pipe manufacturing and for other industrial purposes. Proceeds will be used for capital expenditures. Italian government approved the Decreto Liquidità state emergency support program...

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SACE is covering the loan for Metinvest, Italian manufacturer of hot-rolled plates used in shipbuilding, pipe manufacturing and for other industrial purposes. Proceeds will be used for capital expenditures. Italian government approved the Decreto Liquidità state emergency support program under which CDP and other financial institutions and banks offer Italian companies capital financing guaranteed by SACE, which is backed by the Italian Republic. The program provides businesses with medium- and long-term financing to support investments and activities in Italy following the COVID-19 pandemic. 

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Deal Volume
$ 17.06m
Financial Close
15 July 2020

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Tranches


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