The operation is evidence of the satisfaction in the long-standing relationship with Pricoa Private Capital and the appreciation by the US financial market of CRIF's credit quality and long-term development strategy.
On May 8, CRIF signed a Revolving Shelf Facility with Pricoa Private Capital - the private capital arm of PGIM, Inc., the global investment management business of Prudential Financial, Inc. (NYSE:PRU) - which includes the option of placing new issues up to a total value of USD 225 million over the next four years.
The operation is aimed at providing access to liquidity as part of a program for the global expansion and strengthening of the new platform and service offering.
"We are very pleased to have signed this agreement,” commented Carlo Gherardi, President and CEO of CRIF, “which ensures that we can cover new development needs and demonstrates CRIF’s ability to finance its activities on the capital market. At the same time it confirms the appreciation by US investors of our credit standing and CRIF’s long-term strategy.”
