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:
As regards the banking market, at 31 December 2019 Hera had 363 million euro in liquidity, 600 million euro in committed lines of credit and 537 million euro in uncommitted lines of credit (of which 37 million euro currently used).
The lines of credit and the corresponding financial assets are distributed among major Italian and foreign banks, and their conditions are highly competitive.

Page updated 24 April 2020