PADUA, Italy— Safilo Group S.p.A. (SFL.MI) has confirmed that is has signed the agreements related to the financing transaction for a total amount of €100 million, approved by the board of directors on March 6, 2013, related to:

• A new revolving credit facility (part of the existing Senior Loan), for a total amount of €60 million, maturing June 30 2015, underwritten by Intesa Sanpaolo, Unicredit and BNP Paribas.
• New revolving financing, for a total amount of €40 million, maturing June 30 2015, underwritten by Multibrands Italy B.V., a company controlled by HAL Holding N.V.

This new facility replaces the original commitment undertaken by HAL in 2010 in the context of the company’s recapitalization plan, providing additional financial flexibility to Safilo in the coming years and confirming Safilo’s main shareholder's commitment to the group, the company said.

Additionally, according to the company, the new financing provides Safilo with the adequate financial flexibility in the context of the maturing High Yield notes, which will be reimbursed on May 15, 2013, supporting the group's ongoing business development needs and the substantial reduction of its average cost of debt.