Ducati Motor Holding SpA said it has negotiated for up to Euro 110 million (approximately $146 million) in new financing with Unicredito Italiano SpA. Ducati said it plans to use the new financing to repay a bond expiring May 31 2005, as well as to repay bank debt and other company obligations.
No further financial details of the deal were available. Ducati posted a pretax loss of $2.4 million for 2004. It has made the looming bond repayment its top priority.
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