Italian airports manager 2i Aeroporti, an asset that belongs to F2i (51%) and to Cavour Aero (49% – a joint venture of Ardian and Crédit Agricole Assurances), raised a 5-years financing facility of 540 million euros (see here a previous post by BeBeez). The company will invest a 220 million tranche in refinancing its current deb and 300 million in its business developmpent. Crédit Agricole, Intesa Sanpaolo, Unicredit, BPER, BPM, Mediobanca, Natixis, and Societé Générale provided the resources. Thebanks provided 2i Aeroporti’s subsidiary 2i Aeroporti Gesac, the manager of Naples and Salerno’s airports, with a 120 million sustainability linked unitranche facility of up to 120 million that may refinance the company’s debt with Crédit Agricole, Intesa Sanpaolo, Unicredit, BPER, and BPM. The company also received a tranche to allocate in new sustainability investments for Naples airport that will also receive the support of Cassa Depositi e Prestiti.
Milan-listed gambling company Lottomatica will issue two bonds for 500 million euros that will finance the 639 million worth acquisition of SKS365 Malta Holding Limited (see here a previous post by BeBeez). The Italian company issued a “Floating Rate Senior Secured Notes due 2030” and 7.125% Senior Secured Notes due 2028 as part of 565 million programme. Lottomatica may also get credit lines for a further 50 million upon completing the acquisition. The company will invest such proceeds also in paying the transaction costs for this deal.
Design Holding, a high-end design company that belongs to Carlyle and Investindustrial, issued a senior secured bond of 425 million euros and increased its current revolving facility from 100 to 140 million (see here a previous post by BeBeez). the bond pays a 10% annual coupon and will mature in 2028. Design Holding will invest such proceeds in repaying a 400 million bond with a 6.5% coupon maturing in 2025. The company’s 470 million bond maturing in 2026 is still outstanding. Latham & Watkins, KPMG Studio Associato and Gattai, Minoli Partners assisted assisted Design Holding, Carlyle and Investindustrial. Design Holding has sales of 410.2 million, an adjusted ebitda of 102.3 million and a net financial debt of 965.6 million.
Swiss Life Asset Managers and GR Value, an Italian developer of renewable energy plants, received from ING three financing facilities worth a total of 140 million euros for which SACE provided a green warranty (see here a previous post by BeBeez). In July 2021, GR Value and Swiss Life Asset Managers signed a partnership for developing renewable energy plants with above 330MW power. Gianluca Veneroni is the ceo of GR Value.
Italy’s activation marketing agency Up! issued a 6-years minibond of 4 million euros for financing the acquisition of Tekmar (see here a previous post by BeBeez). Sella Corporate & Investment Banking, Nassini & Associati and Addendum assisted Up!. Banca Sella and Mediocredito Centrale acted as anchor investors and subscribed an even portion of the bond. Chiomenti provided the investors with legal counsel per l’attività di due diligence. Up! has sales of 18.4 million, an ebitda of 3.9 million and a net financial debt of 3.3 million. The company belongs to Finway (80%), Emanuela Simeoni (10%) and Alessandro Sopini (10%).
San Polo Lamiere, an Italian steel company, received a 3 million euros ESG-linked financing facility from Crédit Agricole Italia (see here a previous post by BeBeez). The liability’s pricing will reduce upon the improvement of the company’s ESG scoring that Cerved Rating Agency will audit. San Polo Lamiere belongs to itslef (16.67%) Attilio Monici (40.33% – chairman), Federica Monici (21%), Laura Monici (21%), Tommaso Sandrini (1% – ceo). San Polo Lamiere has sales of 271.6 million, an ebitda of 27 million and a net financial debt of 52 million
