OVS has secured a €300m financing agreement, equivalent to approximately $330m, as the Tamburi Investment Partners-backed retailer strengthens its capital structure and extends debt maturities.

The transaction replaces existing credit lines, most of which were due to expire in 2027, and extends maturities to 2031, improving financial flexibility and funding visibility.

The financing package includes €120m ($132m) in term loans and €120m ($132m) in revolving credit facilities, alongside an additional €60m ($66m) optional line available at the company’s discretion.

The improved terms reflect OVS’s strengthened balance sheet, with leverage below 1x, and positive trading outlook. The facility incorporates sustainability-linked features, with margin adjustments tied to ESG targets including decarbonisation and increased use of certified fibres.

The deal was arranged by a syndicate of lenders including Banca Monte dei Paschi di Siena, Banco BPM, Crédit Agricole, Intesa Sanpaolo, and UniCredit.

In parallel, OVS has approved an additional €20m ($22m) share buyback programme, reinforcing shareholder returns alongside balance sheet optimisation.

The group also reported strong trading momentum, with sales growth across its retail networks and brands despite a broadly flat market environment.

If you think we missed any important news, please do not hesitate to contact us at [email protected].

Can`t stop reading? Read more.