April, 2020

CRIF S.p.A. extends the 125 million USD shelf facility through the US private placement program signed with Pricoa Private Capital in July 2016 and draws a new EUR 30 million 12-year amortising tranche

CRIF S.p.A. - a global company specializing in credit bureau and business information, outsourcing and processing services, and credit solutions - completed the issue and placement of notes through Pricoa Private Capital – part of Prudential Financial, Inc. of the United States (NYSE:PRU) and one of the main players in the international private placement market - with a value of EUR 30 million within a shelf facility that provides the possibility to place new issues up to an overall value of 125 USD million (or EUR equivalent).

This new private placement follows the EUR 50 million placement in July 2016 and results in the extension of the current shelf facility for another three years. The EUR 30 million notes have been issued in a single tranche with a 12-year amortising structure and a fixed interest rate. The shelf facility gives CRIF S.p.A. the possibility to ask Pricoa Private Capital to underwrite new issues over the next three years up to an overall value of USD 125 million (or EUR equivalent).

“Through this US private placement, CRIF S.p.A. continues to diversify its funding sources and will extend its debt profile”, commented Carlo Gherardi, CEO of CRIF. “The proceeds of this transaction will be used to fund our international expansion strategy, which will continue despite the uncertain context resulting from the COVID-19 emergency, as confirmed by the recent acquisition of Strands INC., a FinTech company specializing in advanced digital banking solutions with offices in the US, Spain, Asia and South America. The shelf facility that CRIF S.p.A. has signed with Pricoa Private Capital confirms the solidity of our Group, which allow us to issue bonds on international markets, even in the US, and in such challenging times”.

With consolidated revenues of almost EUR 560 million in 2019, CRIF is currently the leading European provider of banking & credit information and one of the main global players in integrated systems related to business & commercial information and credit & marketing management.

Greenberg Traurig Santa Maria acted as CRIF’s legal counsel, with Akin Gump Strauss Hauer & Feld representing the Investor.