SIFI is pleased to announce the closing of a medium/long term financing agreement of up to 33 million euro, aimed at refinancing its outstanding debt and supporting its growth strategy.
The consortium of lenders includes Banca Popolare di Milano, Intesa Sanpaolo, Banca del Mezzogiorno Mediocredito Centrale, Credito Valtellinese and Credito Siciliano. Banca Popolare di Milano and Banca IMI acted as arrangers and bookrunners; BancaPopolare di Milano also acted as agent and depository bank.
Essentia acted as financial advisor and Carbonetti e Associati as legal advisor to the company, while Simmons & Simmons acted as legal advisor to the banks.
The main objective of the deal is to fund SIFI Group’s business plan, whose main targets are international expansion, also through acquisitions in selected European markets, and consolidation of its leadership position in Italy, through the implementation of a new marketing strategy and the launch of new products.
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