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Debt programmes and facilities

03/07/2018 - 04:00 PM

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EMTN (Euro Medium Term Note Programme) by Euro 20,000,000,000 for issuances on the Euromarket  

> EMTN (Euro Medium Term Note Programme) - July 13, 2017 (.pdf file, 1.6 MB)   

Issuer under the programme:

TIM S.p.A.

Telecom Italia Finance S.A. with TIM S.p.A. as guarantor

 

Shelf Registration Statement (Form F-3) for emissions in the USA market

Issuer under the programme:

Telecom Italia Capital S.A. with Telecom Italia S.p.A. as guarantor

Further information: FORM 3F (.pdf file, 2MB)

Revolving Credit Facility and Term Loan

As at December 31, 2017 TIM had two syndicated Revolving Credit Facilities for the amounts of 4 billion euros and 3 billion euros maturing, respectively, on May 24, 2019 and on March 25, 2020, both not utilized. On January 16, 2018 the two Revolving Credit Facilities have simultaneously been closed and a new Revolving Credit Facility have been drawn up for the amount of 5 billion euros and expiring in 5 years.

Furthermore, TIM has:

•  a bilateral Term Loan with UBI Banca (former Banca Regionale Europea) for the amount of 200 million euros expiring in July 2019, drawn down for the full amount;

•  two bilateral Term Loans with Mediobanca respectively for the amount of 134 million euros expiring in November 2019 and for the amount of 75 million euros expiring in July 2020, drawn down for the full amounts;

•  a bilateral Term Loan with ICBC for the amount of 120 million euros expiring in July 2020, drawn down for the full amount;

•  a bilateral Term Loan with Intesa Sanpaolo for the amount of 200 million euros expiring in August 2021, drawn down for the full amount;

•  a hot money loan with Banca Popolare Emilia Romagna for the amount of 250 million euros expiring in February 2018, drawn down for the full amount;

•  a hot money loan with Intesa Sanpaolo for the amount of 200 million euros expiring in December 2018, drawn down for the full amount;

•  a bilateral Term Loan with Intesa Sanpaolo for the amount of 2 billion euros expiring in December 2018, unused.

On December 21, 2017 TIM S.p.A. notified Mediobanca the execution of the early repayment, in force on January 3rd, 2018, regarding the bilateral Term Loan for the amount of 150 million euros expiring in July 2020, for the total outstanding amount of 75 million euros.

On January 16, 2018 TIM S.p.A. exercised its right of early resolution, in force on January 17, 2018, on the bilateral Term Loan for the amount of 2 billion euros with Intesa Sanpaolo, expiring in December 2018.