Revolving Credit Facility for Eur 10 million obtained

COIMA RES announces that it has obtained a Revolving Credit Facility (RCF) from Banco BPM for an amount of Euro 10.0 million with an availability of 18 months.

The Revolving Credit Facility is the first unsecured financing of COIMA RES and represents an important step towards a more flexible financial structure, also considering the current market environment influenced by the COVID-19 pandemic.

COIMA RES will be able to use the Revolving Credit Facility to increase its liquidity buffer (which already amounted to more than Euro 40.0 million as at June 30th, 2020), optimise its financial structure and potentially reduce the overall cost of the debt (in light of the attractive conditions of the Revolving Credit Facility itself).