STAR7 draws down €54.5M to repay two bonds early
What's the deal? STAR7Dealroom has a profile for this one. Try Dealroom → said it has received €54.5m in financing to fund the early repayment of two bond loans. The Italian company secured two new credit facilities from a pool of leading credit institutions.
The details: The financing splits into a €27.2m credit line and a second facility of €27.33m. Both are earmarked to redeem the bonds "Star7 Tf 4.75% 2021-2028 Amort Eur" and "Star7 Tf 4.75% Oct28 Amort Eur."
Why now? The move swaps existing bond debt carrying a 4.75% coupon for fresh bank credit facilities. STAR7 shares were flat at €9.60 apiece.
The signal: The refinancing reflects a company reworking its debt stack rather than raising new growth capital — trading bond obligations for bank credit while its stock holds steady.
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