Milan, 8 January 2020 – On 7 January 2020 a 40 million Euro loan agreement has been entered into in favour of WIIT S.p.A., a company listed in the STAR segment of the MTA and leading Italian player in Cloud Computing services for enterprises focused on providing uninterrupted services of Hybrid Cloud and Hosted Private Cloud for critical applications.
The loan, mainly granted to support the acquisition-led growth strategy on the domestic and international market, as well as the investment plan of WIIT Group, is structured in three MLT credit facilities, the first two in a maximum amount of 15 million Euro each and the third amounting to 10 million Euro.
Pedersoli Studio Legale and Simmons & Simmons have advised, respectively, WIIT S.p.A. and the pool of financial institutions composed of Banca IMI S.p.A., as arranger and agent, Intesa Sanpaolo S.p.A., as lender and custodian bank, and Banco BPM S.p.A., as lender.
Pedersoli team has been led by Maura Magioncalda and Marcello Magro (Equity Partners), supported by Michele Parlangeli (Senior Associate), Vittoria Deregibus and Caterina Gatto (Associates), Francesca Spadafora (Trainee) and Daniela Caporicci (Partner) as to tax aspects of the transaction.
Simmons & Simmons team has been led by Davide D’Affronto (Partner), Maria Ilaria Griffo (Managing Associate) and Filippo Neri (Trainee) in relation to banking matters and Marco Palanca (Partner) and Pasquale Del Prete (Associate) as to tax issues.
FOR FURTHER INFORMATION:
Pedersoli Studio Legale
Sebastiano Distefano, Laura Sala
Tel. +39 02303051
Ad Hoc Communication Advisors
Sara Balzarotti, Alessandro Michielli
Tel. +39 027606741