Lines of credit

Current cash and lines of credit, in addition to the resources generated by the operating and financing activities, are deemed more than sufficient to meet future financial needs.

Hera's debt is not subject to any "covenant", and the Group also has extensive lines of credit:

In particular, at 30 June 2019, the Group had unused "committed" lines of credit amounting to approximately 300 million

euro, long-term lines of credit, stipulated in December 2018, for 350 million euro of which 225 million were used, as well as wide margins on "uncommitted" credit lines, amounting to 542 million euro.

Page updated 30 July 2019