February 19, 2014 / 5:51 PM / 4 years ago

Prysmian seals 100 mln euro credit deal with Mediobanca

MILAN, Feb 19 (Reuters) - Italy’s Prysmian, the world’s biggest maker of power and telecommunications cables, said on Wednesday it had sealed a 100 million euro ($137 million) credit deal with investment bank Mediobanca.

The facility has a five-year maturity and will be used to refinance existing debt and working capital requirements, Prysmian said in a statement.

$1 = 0.7271 euros Reporting by Agnieszka Flak, editing by Danilo Masoni

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