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Generali signs 2 bln euro revolving credit facilities
May 30, 2013 / 2:57 PM / in 4 years

Generali signs 2 bln euro revolving credit facilities

MILAN, May 30 (Reuters) - Italy’s biggest insurer Assicurazioni Generali said on Thursday it had signed revolving credit facilities for up to 2 billion euros ($2.6 billion).

In a statement Generali said it could draw on the facilities within a period of 2-3 years.

It said the operation would improve its flexibility to manage future cash needs.

$1 = 0.7712 euros Reporting By Stephen Jewkes

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