Maranello (Italy), 9 March 2016 – Ferrari N.V. (NYSE/MTA: RACE) (the “Issuer”) today announces the successful pricing of its inaugural €500 million issue of notes due 2023 (the “Notes”), the offering was 5 times oversubscribed. The issue price of the Notes is equal to 98.977% of their principal amount and the Notes have a fixed annual coupon of 1.50%. The proceeds of the issue will be used for the repayment of a bridge loan under the Issuer’s credit facility.
Banca IMI, BNP Paribas, BofA Merrill Lynch, Citigroup, Crédit Agricole CIB, J.P. Morgan, Mediobanca, Société Générale Corporate & Investment Banking, UBS Investment Bank and UniCredit Bank acted as Joint Lead Managers to the issue of the Notes.
Application has been made for the Notes to be admitted to the Official List of the Irish Stock Exchange and to trading on the regulated market of the Irish Stock Exchange. Settlement and the issue of the Notes is expected to occur on 16March 2016.