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Luxottica Group, S.p.A. (LUX)
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LUX » Topics » The Euro 100 Million Unsecured Credit Facility

This excerpt taken from the LUX 20-F filed Jun 25, 2009.

The Euro 100 Million Unsecured Credit Facility

 

In June 2007, the Company entered into an unsecured credit facility with Banca Popolare di Verona e Novara Soc. Coop. a R.L (LLC), the proceeds of which were used to repay another unsecured credit facility entered into with this bank in 2005. The 18-month credit facility consisted of a revolving loan that provided borrowing availability of up to Euro 100 million. The final maturity of the credit facility was December 3, 2008, and the credit facility was repaid in full.

 

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