Monrif S.p.A., for the subsidiaries Editoriale Nazionale and Ega Emiliana Grandi Alberghi S.r.l., obtained from the financing institutions Intesa Sanpaolo, Banco Bpm, UniCredit and La Cassa di Ravenna, the latter limited to Ega, a EUR 17.744 million financing backed by SACE guarantee pursuant to the Liquidity Decree under the operation of the so-called “Italy Guarantee”, and EUR 5.307 million backed by Sace guarantee pursuant to the Liquidity Decree under the operation of “MidCaps”.

Intesa Sanpaolo acted also as agent and Sace as agent and custodian bank. Such financing partially replaces the credit facilities previously granted by the financial institutions and shall be used by Editoriale Nazionale and Ega Emiliana Grandi Alberghi to repay in full the respective financial indebtedness and to fund investments, staff costs and working capital.

The lenders were advised by Pedersoli Studio Legale with a team composed of Alessandra De Cantellis (partner), Enrico Morolli (associate) and coordinated by Maura Magioncalda (equity partner). 

BonelliErede assisted Monrif Group in the persons of Giuseppe Lombardi (partner), Federico Cocito (managing associate) and Riccardo Spina (senior associate).

In addition, Monrif Group was supported by the corporate finance team of Eidos Partners.