News

Allen Overy advises Agos on a EUR920 million securitisation

Published Date

Oct 5, 2023

Authored by

Allen & Overy advised Agos Ducato in relation to the securitisation of performing consumer loan receivables with a value of EUR920 million, carried out in accordance with European regulations on “simple, transparent and standardised” securitisations (STS).

Crédit Agricole Corporate and Investment Bank and Banca Akros (Gruppo Banco BPM) acted as Joint Arrangers and Joint Lead Managers, while Bank of America, Intesa Sanpaolo and UniCredit acted as Joint Lead Managers in the transaction.

The senior and mezzanine notes issued by the special purpose vehicle Sunrise SPV 50 S.r.l. have been rated by DBRS and Fitch and were admitted to listing on the Luxembourg Stock Exchange. The class A1 notes were placed with institutional investors.

The A&O team was led by partner Pietro Bellone, supported by associate Chiara D’Andolfo. Partner Francesco Guelfi and counsel Elia Ferdinando Clarizia advised on tax-related matters.

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About the
authors

Pietro Bellone

Partner

Milan

In addition to assisting with the structuring of the transactions, Pietro provides advice on complex EU and Italian regulations aff...

Chiara D'Andolfo

Associate

Milan

Chiara has also a wide knowledge of the Italian and European regulatory requirements applicable to securitisations.

Francesco Guelfi

Partner

Milan

He focuses on banking and capital markets transactions, including syndicated loans, acquisition finance, real estate finance, project f...

Elia Ferdinando Clarizia

Counsel

Milan

He focuses on banking and capital markets transactions, including syndicated loans, acquisition finance, real estate finance, projec...