Saipem: financing of €3.2 billion disbursed by pool of banks

The disbursement of the funds follows the signing of a contract on December 10, 2015 for a total amount of €4.7 billion of senior credit facilities comprising:  
• a Bridge to Bond of €1.6 billion with an 18 month maturity extensible by 6 additional months;
• a Term Loan of €1.6 billion with a 5 years maturity;
• a Revolving Credit Facility of €1.5 billion with a 5 years maturity. 
 
Pursuant to the agreement entered into with Eni S.p.A. on October 27 2015 (the so called "Accordo Ricognitivo"), Saipem simultaneously repaid in full its debt to Eni S.p.A. using the financial resources resulting from the Bridge to Bond and the Term Loan as well as the proceeds from the recent subscription of the capital increase. 

Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content. 
 
Website: www.saipem.com
Switchboard: +39 0244231 

Media relations
Tel: +39 0244234088;
E-mail: media.relations@saipem.com 

iCorporate press office
Tel: +39 024678752; Mobile: +39 3669134595;
E-mail: saipem@icorporate.it 

Relations with institutional investors and financial analysts
Tel: +39 0244234653; Fax: +39 0244254295;
E-mail: investor.relations@saipem.com 

Contact point for retail investors  
E-mail: segreteria.societaria@saipem.com