Luxottica Group SpA, et al. – ‘SC TO-T/A’ on 3/21/01 re: Sunglass Hut International Inc – EX-99.B1

On:  Wednesday, 3/21/01, at 4:08pm ET   ·   Accession #:  912057-1-7865   ·   File #:  5-43307

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Amendment to Tender-Offer Statement — Third-Party Tender Offer   —   Schedule TO
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Document/Exhibit                   Description                      Pages   Size 

 1: SC TO-T/A   Amendment to Tender-Offer Statement -- Third-Party     5     22K 
                          Tender Offer                                           
 2: EX-99.B1    Exh 99.B.1                                             1      6K 

EX-99.B1   —   Exh 99.B.1

EX-99.B1
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                                                                  EXHIBIT (B)(1)

[BANCA INTESA LOGO] 

                                                             Luxottica Group SpA
                                                                Piazzale Lotto 2
                                                                    20148 Milano
                                                    Attn. dott. Enrico Cavatorta

Banca Intesa SpA is glad to offer Luxottica Group SpA through its rete (branch  
network) Ambroveneto as well as its subsidiary Cassa di Risparmio di Parma e    
Piacenza SpA, a credit facility of Euro 500m for the purpose of acquiring       
Sunglass Hut, Inc.                                                              

The terms of the facility are listed below:                                     

TRANCHE A                                                                       

Maturity: 18 months minus one day from initial drawdown (payment of shareholders
accepting the Public Offer)                                                     
Fully drawn                                                                     
Amount: Euro 200m                                                               
Interest rate: 3 months Euribor plus a spread of 32.5 bp                        

TRANCHE B                                                                       

Maturity: 18 months minus one day from initial drawdown (payment payment of     
shareholders accepting the Public Offer)                                        
Revolving: 1, 2, 3 months drawings                                              
Amount: Euro 300m                                                               
Interest rate: Euribor of the appropriate period plus a spread of 32.5 bp       
A 5 bp p.a. commission will be paid over the amount of undrawn credit line,     
provided this amount exceeds Euro 100m                                          

The facility will be managed as a "pool" by Banca Intesa rete Ambroveneto also  
on behalf of Cassa di Risparmio di Parma e Piacenza. A 1 bp commission p.a. will
be paid to Banca Intesa rete Ambroveneto for the management of the pool         
facility.                                                                       

A Italian Lire 100 million flat commission is payable for the increase of the   
facility from Euro 425 m to Euro 500 m.                                         

Minor additions to these conditions may be agreed upon the signing of the legal 
contract.                                                                       

Yours Sincerely                                                                 
BANCA INTESA                                                                    
Team 5                                                                          
Giuseppe Stafforni                                                              
/s/ Giuseppe Stafforni                                                          

Milan, 12 March 2001