Non price-sensitive communications

Fincantieri, global leader in high-complexity shipbuilding, announces the successful placement and disbursement of a medium/long term senior unsecured “Schuldschein” loan.

The loan, governed by German law, was subscribed by 16 national and international banks and financial institutions. The loan is structured in two tranches with maturities of three years (July 2028) and five years (July 2030), for a total amount of €395 million. Strong demand from investors enabled Fincantieri to significantly exceed its initial size target and to obtain interest rates at the lower end of the marketed range. The main contractual terms are in line with Fincantieri's standards and do not contain any financial covenants.

“Schuldschein” loan allows Fincantieri Group to extend the average life of its debt under favorable financial conditions.

The transaction represents a further confirmation of Group’s strategy aimed at diversifying its funding sources, reflecting its strengthened competitive positioning and the sound distinctiveness of Fincantieri's industrial strategy and equity story. This transaction broadens Fincantieri’s access to capital markets, enabling not only greater diversification, but also a reduction of the average cost of debt.

Fincantieri was supported in the transaction by BNP Paribas, Commerzbank, and UniCredit Bank GmbH as arrangers, and by the law firm Hogan Lovells as legal advisor.