Banca Progetto, a digital bank that belongs to Oaktree Capital Management since 2015, carried on a 725 million euros worth securitization of SMEs performing credits that Intesa Sanpaolo structured(see here a previous post by BeBeez). Paolo Fiorentino is the ceo of Banca Progetto. The loans pay a spread on top of 3M Euribor and have the warranty of Fondo di Garanzia and SACE. The spv Progetto PMI 5 acquired the portfolio. JPMorgan acted as arranger and senior lender as it issued a senior facility of 500 million. The spv issued junior notes for 225 million that Banca Progetto acquired.
TPER (Trasporto Passeggeri Emilia-Romagna), a public transport company operating in the areas of Bologna, Ferrara, Modena, and Ravenna, received a 65 million euros credit line from Intesa Sanpaolo, Cassa Depositi e Prestiti (CDP) and BPER Banca (see here a previous post by BeBeez). TPER also received from Intesa a 15 million bilateral financing facility with the green warranty of Sace. TPER will invest such proceeds in the renewal of its vehicles’ fleet.
Infrastructure Debt Fund 1 (IDF1), a vehicle of F2i, provided Veritas, the waste management and water company of Venice and Treviso areas, with a 37 million euros facility (see here a previous post by BeBeez). Veritas will invest such proceeds in its core business. The company has sales of 444 million, an ebitda of 72.7 million and a net debt of 75 million.
Consorzio BIM (Bacino Imbrifero Montano) received from Cdp a 30 million euros financing facility to invest in Valle d’Aosta’s water network (see here a previous post by BeBeez). BIM received a 20 million green loan with the resources of the European Investment Bank.
Mulino Antimo Caputo, an Italian producer of flour, received a 30 million euros facility from Banco BPM and Cassa Depositi e Prestiti (CDP) (see here a previous post by BeBeez). The company will invest such proceeds in the construction of a mill and a production plant in Campobasso area that will use renewable energy. Mulino Antimo Caputo has sales of 14.2 million, an ebitda of 21.7 million and net cash of 24.2 million. The company belongs to Carmine Caputo.
Clessidra Private Debt provided Groupack, an Italian industrial company, with a 10 million euros subordinated financing facility (see here a previous post by BeBeez). Sources said to BeBeez that the company also received a senior financing of 80 million. Clessidra retained Legance.
Gruppo Pietro Fiorentini, an Italian renewable energy company, received a 30 million euros green financing facility from UniCredit programme Futuro Sostenibile Certificato (see here a previous post by BeBeez). The company will invest such proceeds in the improvement of its ESG rating that Ecovadis will audit. Mario Nardi is the ceo of Gruppo Pietro Fiorentini.
Italian jewellery company Gruppo Morellato received a 15 million euros Esg Kpi linked loan from Crédit Agricole Italia (see here a previous post by BeBeez). The company will invest such proceeds in increasing its usage of renewable energies.
Marcegaglia Holding provided Milan-listed real estate company Gabetti Property Solutions with three – years a revolving facility of 15 million euros paying an annual rate of 400 bps on top of 3M Euribor 400 bps (see here a previous post by BeBeez). Marcegaglia owns 32.46% of Gabetti. The borrower will pay the interest costs each year on 31 January starting from 2024. Gabetti will invest such proceeds in its working capital. Gabetti also belongs to Alessandro Gatti (16.2%) and Giacomo Di Bartolo (10%).
Agricola Moderna, an Italian vertical farm company that Pierluigi Giuliani and Benjamin Franchetti created in 2018, received a 10 million euros financing facility from Intesa SanPaolo with the Green Warranty of SACE (see here a previous post by BeBeez). The company will invest such proceeds in the construction of a vertical farm based in Cremona area.
Sofidel, an Italian paper producer that own the brand Regina, received a mid long-term Sustainability Linked Loan from ING (see here a previous post by BeBeez). The company belongs to the Stefani and Lazzareschi Families. Sofidel has sales of 2.8 billion, an ebitda of 353.6 million, financial debts of 1 billion and net cash of 30 million.
Permare, an Italian boats refitting company, received from UniCredit a 2.3 million euros financing facility (part of the bank’s Futuro Sostenibile programme) with the warranty of Sace (see here a previous post by BeBeez). The company will invest such proceeds in the construction of a production plant.
