Schuldschein
Schuldschein
On June 26th 2018 Pirelli & C. closed a "Schuldschein" financing – guaranteed by Pirelli Tyre S.p.A. – for a total of €525 million, following the terms detailed below.
The transaction aims at facilitating the reimbursement of existing debt, further optimizing its structure and cost.
During the years, the financing has been gradually repaid and, starting from July 2024, it has been fully repaid.
| Press Release |
 |
| Borrower | Warrantor | Original Amount | Oustanding amount | Maturity | Covenant |
| Pirelli & C S.p.A. | Pirelli Tyre | €82 million | REPAID | 2021 | |
| Pirelli & C S.p.A. | Pirelli Tyre | €423 million | REPAID | 2023 | Fallen Away |
| Pirelli & C S.p.A. | Pirelli Tyre | €20 million | REPAID | 2025 | Fallen Away |