Safilo Group and Multibrands Italy B.V. signed a loan agreement and an
investment and underwriting agreement whereby Multibrands Italy B.V.
will grant Safilo Group the financial support to partially fund said
acquisition. Multibrands Italy B.V. will provide Safilo at least two thirds of the purchase
price of the Polaroid Eyewear.
In addition, Multibrands will loan Safilo 44 million Euros immediately following the acquisition, for a
portion of the purchase price. Multibrands could also underwrite
and pay-in a reserved capital increase of Safilo Group approximately
equal to Euro 44 million, through the set-off of the credit deriving
from the above mentioned loan with the debt deriving from the
subscription of the reserved capital increase. Safilo will finance the remaining 21 million Euro for Polaroid.
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