Pedersoli and Simmons & Simmons in a 40 million Euro loan agreement to support the internationalisation project of WIIT Group

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 a syndicate 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.

The 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.

The 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.

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