May 22, 2017 / 5:55 AM / 6 months ago

BRIEF-Avio exercises right of voluntary prepayment of 63 mln euro banking loan tranche

May 22 (Reuters) - AVIO SPA:

* TO EXERCISE THE RIGHT OF VOLUNTARY PREPAYMENT OF THE ENTIRE BALANCE OF THE TRANCHE EQUAL TO EUR 63 MILLION OF BANKING LOAN

* AS RESULT OF VOLUNTARY PREPAYMENT OF “TERM LOAN B” TRANCHE, THE OUTSTANDING PRINCIPAL BALANCE OF THE “TERM LOAN A” TRANCHE AMOUNTS TO ABOUT EUR 30 MILLION

* THE EUR 30 MILLION “REVOLVING” TRANCHE HAS NOT BEEN UTILIZED YET

* THE VOLUNTARY PREPAYMENT OF THE TERM LOAN B WILL BE CARRIED OUT THROUGH THE USE OF ITS OWN FUNDS WITHOUT DRAWING ON ANY FINANCIAL BORROWING Source text: reut.rs/2q8oMzM Further company coverage: (Gdynia Newsroom)

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