Milan, 23 December 2019 – On 19 December 2019, in the context of the merger by incorporation of Vodafone Towers S.r.l. (“VOD Towers”) in Infrastrutture Wireless Italiane S.p.A. (“Inwit”), the documentation relating to the loan granted to the latter in an overall maximum amount of 3,000,000,000 have been entered into.
Specifically, in the execution of the aforementioned merger, three credit facilities will be granted (bridge, term and revolving) aimed at financing the acquisition by Inwit of a minority interest in VOD Towers, the distribution of an extraordinary dividend and the ordinary cash requirements of the company, in addition to the partial financing of the existing indebtedness of the borrower.
Pedersoli Studio Legale and Latham & Watkins have advised, respectively, Inwit and the pool of financial institutions composed of Mediobanca – Banca di Credito Finanziario S.p.A., as agent (inter alia) and Bank of America Merrill Lynch International Designated Activity Company, Banco BPM S.p.A., Banco Bilbao Vizcaya Argentaria SA, Milan Branch, BNP Paribas, Italian Branch, Crédit Agricole Corporate and investment Bank, Milan Branch, HSBC Bank plc, HSBC France, Banca IMI S.p.A., SMBC Bank EU AG Milan Branch and UniCredit S.p.A.
Pedersoli team has been led by Maura Magioncalda (Equity Partner), including Michele Parlangeli (Senior Associate) and Giuseppe Smerlo (Associate), while Latham & Watkins has been supported by Marcello Bragliani (Partner), Antongiulio Scialpi (Counsel) and Davide Camasi (Associate).
FOR FURTHER INFORMATION:
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Pedersoli Studio Legale
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