A subsidiary of ITA Airways raised a financing facility of 240 million US Dollars from AIP Capital (see here a previous post by BeBeez). Three aircrafts Airbus A330-900neo – 2024 with Rolls-Royce Trent 7000 engines are the collateral for the transaction. Michael Kittle is the head of Private Credit at AIP Capital. Antonino Turicchi is the chairman of ITA Airways.
Scudieri Family‘s Italian automotive company Adler Group received a mid-term financing facility of 68 million euros for its German subsidiary Adler Pelzer Holding (fa HP Pelzer Holding) (see here a previous post by BeBeez). The company will invest 30 million of such resources in repaying a shareholders loan. White & Case and AvvocatoGaeta Società tra Avvocati assisted Adler. Latham & Watkins advised the lenders. Fitch Ratings confirmed the B- corporate rating with stable outlook and said that by the end of 2024, such a transaction will increase Adler’s gross leverage to 4.5X Ebitda and the net figure to 3.3X. However, the 2.3 billion revenues company will generate an ebitda in the region of 120 million.
US renewable energy company Enfinity Global, a portfolio company of Icg, received a financing facility of 189.6 million euros for building eight photovoltaic plants with a total power of 157.1 MW based in Latium and Emilia Romagna regions (see here a previous post by BeBeez). BayernLB, ING and Rabobank created a club deal structure and provided the company with a 127.4 million senior non recourse facility, 17.1 million VAT financing and 45.1 million credit lines for Power Purchase Agreement (PPA) contracts for selling the plants energy. Carlos Domenech is the CEO of Enfinity Global.
Milan-listed entartainmnet company NVP received from Crédit Agricole Italia a KPI ESG-Linked mid-long term financing facility of 1.5 million euros with SACE‘s warranty (see here a previous post by BeBeez). The company will invest such proceeds in its proprietary technology. NVP’s main shareholders aree the ceo Massimo Pintabona (19.9%), Ivan Pintabona and Natalino Pintabona (19.74%). NVP has sales in the region of 28 million, an ebitda of 7.8 million, ebit of 3.1 million, net profits of 0.726 million, and equity of 14.4 million.
SELT, a subsidiary of SITE which belongs to HBC, a renewable energy company of the Borghi Family, received from Finlombarda a financing facility of 1.5 million euros with a 5 years tenure and SACE warranty (see here a previous post by BeBeez). SELT will invest such proceeds in the development of projects in Lombardy. The company has sales of 26.4 million, an ebitda of 2.4 million and a net financial debt of 4.3 million. Mauro Ceffa is the ceo of SELT.
