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United Kingdom : White & Case Advises Piaggio on 250 Million Loan

July 22, 2014



Global law firm White & Case LLP has advised Piaggio & C. S.p.A., the listed Italian manufacturer of motorcycles and scooters, on a 220 million term and revolving credit facility which may be increased to a maximum of 250 million.

The syndicate of banks, which was led by Banca Nazionale del Lavoro as agent and mandated lead arranger, included BNP Paribas as coordinator and Bank of America Merrill Lynch, HSBC, Banca IMI, Mediobanca and UniCredit as mandated lead arrangers.

In April 2014, White & Case also advised Piaggio on all US, UK and Italian aspects of its high yield offering of $250 million, 4.256 percent Senior Unsecured Notes due 2021, including the related exchange offer for seven percent Senior Notes due 2016.

The White & Case team was led by partners Nicholas Lasagna (Milan) and Michael Immordino (Milan & London) and included associate Silvia Pasqualini.


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Source: TendersInfo (India)


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