Milan, 25 May 2023MAIRE S.p.A. announces the signing of a new €40 million financing agreement with BPER Corporate & Investment Banking, 80% backed by SACE S.p.A.’s guarantee, aimed at further strengthening MAIRE Group’s capital structure.

In accordance with Legislative Decree No. 50 of May 17, 2022, the financing shall mainly support the funding requirements - including R&D spend and working capital needs - of the parent company MAIRE and of Tecnimont S.p.A., MAIRE Group’s main company headquartered in Italy.

The financing shall have a maturity date as at December 2028 and a 3-year grace period, a Euribor 3-month +1.7% margin annual rate, in addition to the cost of the SACE S.p.A. guarantee, and may be fully or partly repaid at any time without penalty.

Alessandro Bernini, Chief Executive Officer of MAIRE, stated: “This new transaction contributes to the diversification of our funding sources and to the optimization of our financial structure in line with the Group's business development guidelines”.