Firm advises a global investment bank on the structuring and syndication of a financing for acquiring a portfolio of Italian UTPs

We have advised a global investment bank, as arranger and senior initial noteholder, on the structuring and syndication of a senior financing in ABS format for the acquisition through an Italian securitization vehicle of a portfolio of Italian UTPs and reperforming loans sold by AMCO-Asset Management Company S.p.A., a full service credit management company owned by Italian Ministry of Economy and Finance. The transaction is sponsored by a global investment fund acting as junior noteholder and is one of the first securitization involving Italian reperforming loans.

Clifford Chance acted with an Italian team led by partner Gianluca Fanti and composed of senior counsel Giuseppe Barra Caracciolo, counsel Riccardo Verzeletti, associate Francisco Santini and trainee Pietro Zocche (all GFM, Milan) and assisted by partner Maggie Zhao (GFM, London).