(Alliance News) - Campari NV announced on Tuesday the establishment of a Euro Medium Term Note (EMTN) programme for a maximum aggregate principal amount of EUR2 billion, reserved exclusively for institutional investors, in line with its previous disclosure on March 4.
The initiative is designed to provide greater flexibility in accessing capital markets, allowing the group to capitalize on favorable market windows with reduced execution times and lower exposure to market risk, while maintaining a disciplined financial strategy consistent with its long-term objectives.
The programme will have a duration of 12 months and will be subject to annual updates.
Campari shares closed Monday down 0.5% at EUR6.13 per share.
By Antonio Di Giorgio, Alliance News reporter
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