Ferrari Pricing of Issue of Notes

Publication date: 
09 Nov 2017

Maranello (Italy), 9 November 2017 – Ferrari N.V. (NYSE/MTA: RACE) (the “Issuer”) today announces the pricing of a Euro 700 million issue of notes due in January 2021 (the “Notes”), being the initial offering for a minimum benchmark size four times oversubscribed. The issue price of the Notes is equal to 99.557% of their principal amount and the Notes have a fixed annual coupon of 0.25%. The proceeds of the issue will be used for general corporate purposes including the repayment of amounts outstanding under the Issuer’s credit facility.

BNP Paribas, Citigroup Global Markets Limited, J.P. Morgan Securities plc and Merrill Lynch International acted as Joint Lead Managers and Bookrunners 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 issue of the Notes are expected to occur on 16 November 2017.