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Press Release 23/06/09

Padova, 23th June 2009 – Safilo Group S.p.a. states that negotiations continues to take place in order to identify a potential partner for a transaction aimed at strengthening the financial and capital structure of the Group.
The purpose of the transaction is to reach, in the medium to long term, the financial and capital stability of the company, as discussed during the last Board of Directors’ Meeting. During such meeting the Board confirmed to the Chief Executive Officer, Roberto Vedovotto, the mandate to continue with the above mentioned negotiations.
In this context, considering the possible misalignment of the results at 30th June 2009 compared to the financial covenants of the existing Senior Loan, the Company has also begun negotiations with the financing banks in order to request a waiver with reference to such covenants, as well as the postponement of a payment due on 30th June 2009.

Last update: 07/09/2009, 14:59

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