Osborne Clarke advised Cassa Depositi e Prestiti S.p.A in relation to the grant by CDP to UBI Banca of a Euro 500 million loan by way of the subscription of a senior unsecured bond to support new investments in enterprises operating in the 8 Regions of the South of Italy.
The loan falls within the ambit of a memorandum of understanding recently signed with UBI Banca S.p.A that signals the start of collaboration aimed at promoting joint initiatives to support Italian businesses.
These loans may have a maximum amount of 15 million euros and a maturity of not less than 36 months, so as to support the realization of medium-long term investments.
The Osborne Clarke team was led by partner Andrea Pinto, head of Banking & Finance in Italy, with associate Francesca Princi and trainee Jacopo Fossati.
CDP’s in-house team was composed of Antonio Tamburrano, Business & financing legal manager and Maurizio Iaciofano, Enterprise, infrastructure and financial institutions legal manager, as well as Roberto D’Andrea.
Law Firms: Osborne Clarke;
Clients: Cassa Depositi e Prestiti (CDP);