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 Greenberg Traurig Santa Maria team, composed of partner Pietro Caliceti and senior associate Dante Campiverdi, assisted Affide for all the legal aspects of the transaction.
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.
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