In section Releases

Nice Secures €370 Million Credit Facility to Fuel Global Expansion

A syndicate of eleven international banks has finalized a €370 million credit facility for Nice, the Treviso-based smart living technology firm. This infusion of capital aims to bolster the company's industrial plan, specifically targeting a new phase of international acquisitions and intensified research into automated home solutions.

Nice Secures €370 Million Credit Facility to Fuel Global Expansion

The financing package, structured as a Senior Facilities Agreement, was led by BNP Paribas, Crédit Agricole Corporate & Investment Bank, and Mediobanca. The funding pool also includes BNL BNP Paribas, Cassa Depositi e Prestiti, Crédit Agricole Italia, Deutsche Bank, Intesa Sanpaolo, Monte dei Paschi di Siena, UniCredit, and Banco BPM. This capital injection is designed to optimize the Group’s financial structure while providing the liquidity necessary to scale its global footprint.

Lauro Buoro, founder and chairman of Nice, noted that the banking system’s commitment validates the company’s business model and its trajectory toward global market leadership. Currently, the Nice Group operates 13 research and development centers and 14 production plants, supporting a workforce of over 2,000 employees. With a presence in more than 100 countries, the firm will deploy these funds to integrate new technologies into its portfolio, ranging from building automation and security systems to advanced audio-video platforms. Legal oversight for the transaction was provided by Legance for the company and Gianni & Origoni for the lending institutions.

Share:on TelegramXFacebook

Subscribe to our newsletter

Once a week — the best stories from our editors, no ads or push notifications. Delivered Sunday morning.

Comments (0)

Leave a comment

No comments yet. Be the first!