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IT Holding term loan installment payment postponed to Dec. 22, senior notes coupon payment made
By Caroline Salls
Pittsburgh, Nov. 18 - IT Holding SpA said Intesa Sanpaolo SpA approved the postponement of the company's term loan installment payment to Dec. 22 from Oct. 30, according to a news release.
IT said the term loan was headed by Intesa Sanpaolo.
According to the release, the semi-annual coupon of IT's senior notes due 2012 was paid.
In addition, Standard & Poor's has updated IT's rating to SD from B- and the rating of the company's senior notes to C from CCC+.
IT Holding is a Milan, Italy-based holding company for fashion brands, including Versace, Dolce & Gabbana and Roberto Cavalli.
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