PADOVA, Italy—Safilo Group S.p.A. (Reuters SFLG.MI ) said yesterday that the Group has proceeded with the expected reimbursement of the €150,000,000 equity linked bonds 2014-2019 (ISIN XS1069899232). This completes the refinancing plan developed by the Group during 2018, for a total amount of €300,000,000 between the share capital increase and the new credit agreement expiring in 2023. Safilo Group announced a refinancing plan last September, as VMAIL reported, stating that the initiative will strengthen the company’s capital and financial structure and will “support execution of the 2020 business plan.” The effort is supported by the company’s “reference shareholder,” which is HAL Holding/Multibrands Italy BV, according to the announcement.

“The capital increase and the confirmed support of the reference shareholder and the lending banks represent a significant step for Safilo, following which the company will be ready to confidently pursue the targets of the 2020 business plan, focusing on few, very clear priorities,” Safilo Group CEO Angelo Trocchia said in a statement at that time.