llumia, an Italian energy distributor, received a 120 million euros revolving credit line with a 36 months tenure from BNL BNP Paribas, UniCredit, Banco BPM, Banca Monte dei Paschi di Siena, and Intesa SanPaolo (see here a previous post by BeBeez). Sace provided a 90% warranty for the facility. Illumia received assistance from Studio Bernardoni-Bovina while the lenders retained Studio Legance. Illumia has sales of 968.4 million, an ebitda of 53.1 million and a net financial debt of 57.9 million. Illumia will invest such proceeds in purchasing commodities and in financing the margin calls of its contracts. Marco Bernardi is the chairman of Illumia.
Trasteel Trading Holding, an Italian steel trader and producer that owns Tamac and Officine Tecnosider, carried on a scuritization of its commercial credits and stocked goods for 77 million euros with the support of illimity Bank that also subscribed the senior tranche (see here a previous post by BeBeez). The company will invest such proceeds in its working capital. Federico Guiducci is the chief financial officer of Trasteel which is also implementing an ESG strategy.
Italy’s Gruppo RDS, an Italian media group, attracted a mid-long term financing of 10 million euros from Anthilia Capital Partners (see here a previous post by BeBeez). The facility will maturity in December 2029 and has an amortizing reimboursement structure. NGruppo RDS will invest such proceeds in its organic growth.
Gardant Investor‘s Forward Fund provided French real estate investor Inovalis with a 5 years financing facility for supporting the 15 million purchase of a 18000 sqms asset based in Milan area from an Ardian‘s vehicle that Prelios manages (see here a previous post by BeBeez). An undisclosed Middle East firm co-invested with Inovalis which retained CBRE, eRE-element Real Estate and Lawal as advisors. The asset has a BREEAM Certification. Khalil Hankach is the ceo of Inovalis. In 2021, Gardant raised 500 million euros for Forward Fund a direct lending and credit fund for SMEs, real estate an infrastructures.
Regione Lombardia is close to launching the programme Basket Bond Lombardia for making sustainable the region’s production chains (see here a previous post by BeBeez). Armando De Crinito, the region’s economic development manager, Carlo Bianchessi, the region’s relationship manager, and Gessyca Golia, the head of the Startup, Innovation and corporate credit office, said that Basket Bond Lombardia will have resources of 70 million euros. Regione Lombardia will also appoint an arranger for carrying on the securitizations of the programme. Basket Bond Lombardia will build a 58 million worth portfolio of minibonds (each company may carry on an issuance of 1.5 – 10 million) for supporting the consolidation of industrial sectors and another 51 million worth portfolio for implementing ESG strategies for the production chains. The firm that heads a production chain can apply for the issuance of bonds that will involve at least three companies with sales of 5 million or above, a less than 5X PFN/EBITDA ratio, a less than 3X PFN/equity, an above 4X ebitda/sales ratio, and an at least BB rating. Regione Lombardia will provide a warranty for up to 25% of each portfolio and subsidize the firms with costs of issuance through Finlombarda‘s vehicle Fondo BB Fi.Lo.
