Generalfinance Extends RCF with PedersoliGattai's Aid
Deal News | Dec 10, 2024 | PedersoliGattai
In a significant financing arrangement, PedersoliGattai provided legal advice for the extension and expansion of a revolving credit facility (RCF) agreement for Generalfinance SpA. The medium to long-term RCF's maturity date has been extended to December 2027, with the facility amount increased from €173 million to €260 million. The agreement involved a consortium of 14 banking institutions, including prominent names such as Banco BPM SpA, Credit Agricole Italia SpA, and Intesa Sanpaolo SpA. The transaction also saw new participants like Bank of China Limited, Milan Branch, and Banca Centropadana Credito Cooperativo joining as lenders. Additionally, SACE SpA played a crucial role as the guarantor in this transaction. PedersoliGattai's team was spearheaded by partner Nicola Gaglione and senior associate Eleonora Banfi, advising the consortium of lenders in this complex financial arrangement.
Sectors
- Corporate Finance
- Banking
- Legal Services
Geography
- Italy – The primary participants, including Generalfinance SpA and several Italian banks, indicate that the transaction is centered in Italy.
Industry
- Corporate Finance – The transaction involves a revolving credit facility agreement, a common corporate finance instrument used by companies to manage liquidity and finance operations.
- Banking – The article involves a pool of 14 banks and a financial agreement, highlighting the banking sector's role in financing corporate activities.
- Legal Services – PedersoliGattai acted as a legal advisor in the transaction, emphasizing the role of legal services in corporate finance and banking agreements.
Financials
- €260 million – The total amount of the renewed revolving credit facility agreement.
- €173 million – The previous amount before the renewal of the revolving credit facility agreement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Generalfinance SpA | Target Company | Company | The company involved in extending and increasing its revolving credit facility agreement. |
| PedersoliGattai | Legal Advisor | Company | Provided legal advisory services for the renewal transaction of Generalfinance's facility agreement. |
| Banco BPM SpA | Agent and Lender | Company | Acted as the agent and one of the lenders in the revolving credit facility agreement. |
| Credit Agricole Italia SpA | Mandated Lead Arranger, Bookrunner, and Lender | Company | Played a key role in arranging, managing, and lending in the facility agreement. |
| Intesa Sanpaolo SpA | Mandated Lead Arranger, Bookrunner, and Lender | Company | Played a significant part in arranging and providing the facility. |
| SACE SpA | Guarantor | Company | Provided a guarantee for the financial arrangement. |
| Other Banks (BPER Banca SpA, Banca Monte dei Paschi di Siena SpA, etc.) | Lenders | Company | Part of the consortium of banks providing lending in the agreement. |
| Bank of China Limited, Milan Branch | New Lender | Company | Joined as a new lender in the renewed facility agreement. |
| Nicola Gaglione | Partner, Legal Advisor | Person | Partner at PedersoliGattai leading the advisory team. |
| Eleonora Banfi | Senior Associate, Legal Advisor | Person | Senior associate at PedersoliGattai advising on the transaction. |