Rubattino 87 S.r.l.’s Debt Restructuring

BonelliErede, Giovannelli e Associati and White & Case advised Techbau, Vertex, Stoneweg and Banca di Asti on the deal.

Cassa Risparmio di Asti S.p.A. acted as lender on a senior secured financing to an Italian securitization vehicle collateralized by an unlikely-to-pay mortgage loan portfolio provided by Rubattino 87 S.r.l., an Italian real estate company.

The transaction represents one of the first cases on the Italian market of direct lending to an Italian securitization vehicle pursuant to the Italian securitization law that was recently amended.

The White & Case team in Milan which advised on the transaction comprised partners Gianluca Fanti and Giuseppe Barra Caracciolo, local partner Francesco Scebba and associates Riccardo Verzeletti and Teresa Pastore.

The BonelliErede team included Giuseppe Sacchi Lodispoto, Vittorio Lupoli, Riccardo Ubaldini and Francesco Lucernari.

The Giovannelli e Associati team included Michele Mocarelli, Tania Maria Valle and Maria Costa.

Involved fees earner: Francesco Lucernari – BonelliErede; Vittorio Lupoli – BonelliErede; Giuseppe Sacchi Lodispoto – BonelliErede; Riccardo Ubaldini – BonelliErede; Maria Costa – Giovannelli e Associati Studio Legale; Michele Mocarelli – Giovannelli e Associati Studio Legale; Tania Maria Valle – Giovannelli e Associati Studio Legale; Giuseppe Barra Caracciolo – White & Case; Gianluca Fanti – White & Case; Francesco Scebba – White & Case; Riccardo Verzeletti – White & Case;

Law Firms: BonelliErede; Giovannelli e Associati Studio Legale; White & Case;

Clients: Cassa di risparmio di Asti; Stoneweg SA; TechBau; Vertex Real Estate Fund ;

Read the full article on Global Legal Chronicle Italia