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FERRARI N.V. SIGNS A NEW SYNDICATED REVOLVING CREDIT FACILITY
Globenewswire· 2025-12-03 18:28
Maranello (Italy), 3 December 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces that it has signed a Euro 350 million unsecured committed revolving credit facility, intended for general corporate and working capital purposes (the “New RCF”). The New RCF, entered into with a group of twelve banks, has a five-year tenor with two further one-year extension options, exercisable on the first and second anniversary of the signing date on Ferrari’s request and on each bank’s approval for ...
The Walt Disney Company (DIS) Fell as Investor Reactions to Mixed Performance Indicators in the Parks Segment
Yahoo Finance· 2025-11-19 11:19
RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its “RiverPark Large Growth Fund” Q3 2025 investor letter. A copy of the letter can be downloaded here. U.S. equity markets recorded strong gains in the third quarter, with the S&P 500 Total Return Index rising 8.12% and the Russell 1000 Growth Index returning 10.51%. The fund also surged in the quarter and returned 4.73%. Market leadership was narrow in the quarter, with a few mega-cap tech and con ...
FERRARI N.V.: ANNOUNCEMENT OF THE EIGHTH TRANCHE OF THE MULTI-YEAR SHARE REPURCHASE PROGRAM
Globenewswire· 2025-07-31 15:56
Core Viewpoint - Ferrari N.V. announces the continuation of its multi-year share buyback program, with an eighth tranche of up to Euro 360 million set to commence on August 22, 2025, and conclude by December 18, 2025 [1] Group 1: Share Buyback Program - The eighth tranche is part of a larger Euro 2 billion share buyback program initiated during the 2022 Capital Markets Day [1] - The Shareholders' Meeting held on April 16, 2025, authorized the purchase of up to 10% of the Company's common shares within an eighteen-month period [1] - The repurchase authority will expire on October 15, 2026, unless extended or renewed [1] Group 2: Execution Details - Ferrari has entered into a non-discretionary buyback agreement for up to Euro 280 million on the Euronext Milan market, with a primary financial institution making independent trading decisions [6] - An additional mandate for up to Euro 80 million will be executed on the New York Stock Exchange, where Ferrari will provide purchase instructions in compliance with applicable regulations [6]