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Euro 50 Million Of The Senior Loan Agreement With The Royal Bank Of Scotland Paid Back In Advance Euro 950 Million Paid Back Since April 2004
2007-06-19 14.50
MIlan, June 19, 2007 – The Board of Directors of Seat Pagine Gialle met today and
passed a resolution to voluntarily repay euro 50 million of the senior loan with the Royal Bank of
Scotland, within June (euro 180 million paid back in the first half of 2007).
The total amount of the repayment, which was made possible thanks to the good cash flow
achieved by the Company, is a further proof of the SEAT PG's ability to progressively reduce its
debt.
Since 22 April 2004, starting date of the financing scheme resulting from the acquisition, the
Company has already repaid approximately euro 950 million, of which 255 million thanks to the
securitisation of trade receivables.
“Despite major investments aimed at enhancing the Company’s range of services — states Seat PG
Chief Executive Officer Luca Majocchi — the transaction approved today shows Seat PG's willingness
and ability to repay its debt in advance, thanks to the high cash flows generated.”
This press release is a translation, the Italian version will prevail.
Seat Pagine Gialle Communications
Tel. +39.011.435.3030
Tel. +39.011.435.3030
Fax +39.011.435.3040
comunicazione.stampa@seat.it
comunicazione.stampa@seat.it
Seat Pagine Gialle Legal and Corporate Affairs
ufficio.societario@seat.it
ufficio.societario@seat.it
Barabino & Partners
Tel.+39 02 72 02 35 35
Fax +39 02 89 00 519
Benedetta Spada
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©2007 SEAT Pagine Gialle P.IVA 03970540963