Hogan Lovells assists Generalfinance in obtaining a revolving facility to support its DIP Financing activity

Hogan Lovells assisted Generalfinance S.p.A., a financial intermediary entered in the Register under art. 106 of Legislative Decree 385/93, in the negotiation and execution of a medium long-term revolving facility agreement with Banco BPM S.p.A., Creval S.p.A. and UBI Banca S.p.A. (as Mandated Lead Arrangers and Bookrunners and Lending Banks) and with Banca Centropadana Credito Cooperativo – Società Cooperativa, BPER Banca S.p.A., Banca Monte dei Paschi di Siena S.p.A., and Banca Sella S.p.A. (as Lending Banks, whereby Generalfinance may now rely on a funding line for an initial amount of €114 million).

The Hogan Lovells team was led by Counsel Pierantonio Musso, who was assisted by Beatrice Broich (associate) and Giordano Tomasini (trainee). 

The loan was expressly devised, arranged, and drafted to be specifically tailored to Generalfinance's core business of granting loans - in the form of factoring - mainly to Italian companies in financial distress, similar to the USBC DIP Financing model. 

The facility is one of Generalfinance’s strategic steps to implement its new business plan, targeting a turnover of more than €1.2 billion for 2021, which further confirms its market leadership in the field of financing to Italian distressed companies.


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