Pirelli & C S p A : UNDERWRITES NEW 5-YEAR COMMITTED BANK LINES FOR 2.1 BILLION EURO

About this update from Pirelli & C. S.p.a.

Milan, 23 January 2026 - Pirelli announces that it has underwritten a contract relative to new multi-currency 5-year bank lines for a total of 2.1 billion euro with a pool of primary national and international banks. The new lines - parametrized to the group's decarbonization targets already announced to the market, linked to scopes 1, 2 and 3 - will replace bank lines of the same value maturing in 2027, permitting the extension of maturities to 2031. There is also the possibility, with the agreement of the company and financial institutions, of further extending maturities by a maximum of 2 years - to 2033 - under the same contractual terms. In detail, the contract underwritten foresees a term loan of 600 million euro and revolving lines of 1.5 billion. The operation - which is part of constant debt optimization efforts - will allow the group to further strengthen its liquidity profile, improving the overall debt structure and lengthening maturities.

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