Milano – 14 July 2021 – A team from Greenberg Traurig Santa Maria assisted client Affide (Custodia Valore – Credito su Pegno S.p.A.) in the signing of a revolving credit line of €330 million. Affide is a leading player of the Italian pledge loan market.
The credit line was granted by a pool of leading Italian banks that included UniCredit, Intesa Sanpaolo, Banco BPM,Credito Valtellinese, Cassa di Risparmio di Bolzano, BPER Banca, Banca Agricola, and Popolare di Ragusa e Cassa Rurale di Bolzano).
According to Affide, the new line allows it to fully repay the revolving line of credit contracted in 2018. Affide notes this expands the number of lending banks, increases the term and amount of funding, reduces the cost of funding, and simplifies the security package.
About Greenberg Traurig Santa Maria: is the result of the combination of Greenberg Traurig, LLP with its long-term ally, Santa Maria Studio Legale Associato - a renowned legal boutique, founded in 1970 by Alberto Santa Maria in Milan. Greenberg Traurig Santa Maria is the fifth GT office in Europe and the 40th office in the world. Web: https://www.gtlaw.com/en/locations/milan LinkedIn: https://www.linkedin.com/company/greenberg-traurig-santa-maria/
About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: www.gtlaw.com Twitter: @GT_Law.