Italian farm machinery group Maschio Gaspardo has secured an agreement with 21 banking institutions to reschedule €140 million ($155 million) of debt to support the group’s international development.
The agreement will also allow a €20 million ($22 million) increase in share capital, which has been approved by regional Italian finance companies and equity partners supporting the group.
Mirco Maschio, president, said, “This agreement definitely strengthens the financial and capital situation of the company, and reaffirms…
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
