Skip to content

Allen & Overy advises UniCredit on the securitisation of a real estate loan over Agorà Finance platform

Allen & Overy has assisted UniCredit S.p.A. and UniCredit Bank AG in the securitisation of a portion of a real estate loan granted by UniCredit S.p.A., as Underwriter, Mandated Lead Arranger, Sole Bookrunner, Original Lender, Green Loan Coordinator and Hedging Coordinator, to a closed-end alternative real estate investment fund managed by a leading asset management company.

The transaction - which involves both the acquisition of receivables arising from drawdowns already made by UniCredit S.p.A. and the lending by the securitisation vehicle of further funds pursuant to article 1, paragraph 1-ter, of Law 130/99 - has been carried out over the “Agorà Finance” platform established by UniCredit, with the support of Allen & Overy, for the transfer of bank loan exposures and/or direct lending in the acquisition finance, real estate, project and infrastructure sectors, and follows the first syndication of an acquisition financing made through the platform at the end of last year. The notes have been underwritten by funds managed by leading international alternative investment managers.

Allen & Overy has advised on the securitisation with a team led by partner Stefano Sennhauser and counsel Pietro Bellone and including associate Fabio Gregoris. Partner Francesco Guelfi and senior associate Elia Ferdinando Clarizia, together with associate Lino Ziliotti, have dealt with the tax aspects of the transaction.