Loan from CDP

On February 2, 2009, Terna signed a loan agreement with its controlling entity, Cassa Depositi e Prestiti S.p.A. (CDP) for a total €500 million, disbursable in multiple instalments, with a maximum maturity of 10 years and full repayment at maturity.
In order for the loan to be disbursed, CDP must also be able to benefit from the funds allocated to fund eligible infrastructure projects made available by the European Investment Bank (EIB).
The period of financing begins on the date of signing the agreement and runs until November 4, 2011. The interest rate for the loan applied to each of the disbursements is to be calculated based on the interbank rate (Euribor) plus the EIB cost of funding and a margin of 70 basis points applied by CDP.
On June 22, 2009, Terna signed an implementing addendum to the agreement with CDP that makes it possible to take advantage of funds made available to CDP by the EIB up to a total of €500 million.