Generalfinance Expands Revolving Credit Facility

Deal News | Dec 10, 2024 | PedersoliGattai

PedersoliGattai has provided legal advisory services in the renewal and expansion of the medium/long-term revolving facility agreement for Generalfinance SpA. This transaction, notable for increasing the facility amount from €173 million to €260 million and extending the maturity date to December 2027, involved a consortium of 14 banks including major names such as Banco BPM SpA, Credit Agricole Italia SpA, and Intesa Sanpaolo SpA. New lenders such as Bank of China Limited, Milan Branch, were also added to the agreement during this renewal process. SACE SpA acted as guarantor for the transaction. The legal transaction structure was managed by PedersoliGattai, with key roles played by Nicola Gaglione and Eleonora Banfi in negotiating terms with banks and the guarantor to ensure a beneficial arrangement for all parties involved. This legal maneuver highlights the strategic financial planning of Generalfinance as well as the complex advisory relationship between banks and legal firms that facilitate such financial instruments.

Sectors

  • Corporate Finance
  • Banking

Geography

  • Italy – Generalfinance SpA and several banks involved, including Banco BPM SpA, are based in Italy, making it the primary geographic focus.

Industry

  • Corporate Finance – The article involves the structuring and advising of a significant financial transaction through the renewal of a revolving credit facility.
  • Banking – The transaction involves multiple banks as lenders, showcasing the importance of banking partnerships in arranging financial facilities.

Financials

  • €260 million – The total amount of the renewed revolving credit facility.
  • €173 million – The original amount of the revolving credit facility before the increase.

Participants

NameRoleTypeDescription
Generalfinance SpATargetCompanyA financial company involved in securing a renewed and increased revolving credit facility.
PedersoliGattaiLegal AdvisorCompanyThe legal firm that advised the banks on the transaction.
Banco BPM SpAAgent and LenderCompanyServed as the agent and lender for the revolving credit facility.
Credit Agricole Italia SpAMandated Lead Arranger, Bookrunner, and LenderCompanyPlayed a key role in arranging and providing the credit facility.
Intesa Sanpaolo SpAMandated Lead Arranger, Bookrunner, and LenderCompanyA key player in structuring and providing the credit facility.
Bank of China Limited Milan BranchNew LenderCompanyJoined the group of banks during the renewal of the credit facility.
SACE SpAGuarantorCompanyProvided the guarantee for the transaction.
Nicola GaglionePartnerPersonPartner at PedersoliGattai who advised the banks.
Eleonora BanfiSenior AssociatePersonSenior associate at PedersoliGattai who assisted in advising the banks.