Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 14-10-2020 | Practice Area: | Debt Capital Markets |
| Deal Title: | Monte dei Paschi Demerger of Non-Performing Loans Portfolio | Industry: | Banks |
| Description: |
Allen and Overy advised JP Morgan and UBS in the definition and closing of the financing agreements supporting the demerger of a non-performing assets portfolio for a value of around EUR9 billion from Banca Monte dei Paschi di Siena (MPS), a leading Italian bank, in favour of Amco S.p.A., a leading company in non-performing exposure management.
The agreements comprised, in particular, a bridge loan of around EUR3 billion to MPS, that would be refinanced in part with a limited recourse loan to Amco through a securitisation vehicle and a EUR1 billion secured financing from the financing banks.
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| Financial Center: | Milan | Value: | 5000.01-10000.00 |
| Advised Party: | Arranger | Law Firm | Allen & Overy |
| Assets Jurisdiction | Italy | Issuer Jurisdiction | Italy |
| Classification: |
Securitisation and Structured Finance Non-Performing Loans |
Lawyer | Craig Byrne |
