Maire Tecnimont reorganises finances, raises new debt & capital

08 Apr 2013

Italy’s Maire Tecnimont has agreed to a financial reorganisation worth around €500m, including a capital increase of €150m and new financing of €50m. Some €300m of the engineering and chemical firm’s debt will be rescheduled.

Some of the firm’s closest relationship banks — including Intesa Sanpaolo, Monte dei Paschi di Siena, Santander and UniCredit — have agreed to the reorganisation, while others are expected to reach a decision shortly.

Tecnimont is extending some €300m of its debt to the end of December 2017.The ...

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