Skip to content

A&O advised on first ESG-linked EUR4 billion revolving credit facility to TIM S.p.A.

Related people
Scarfone Pietro
Pietro Scarfone

Partner

Milan

View profile →

Frederic Demeulenaere

Counsel

Milan

View profile →

Schumacher Evangeline
Evangeline Schumacher

Associate

Milan

View profile →

Image of Martina Gullino
Martina Gullino

Associate

Milan

View profile →

Clarizia Elia Ferdinando
Elia Ferdinando Clarizia

Senior Associate

Milan

View profile →

Simone Simona
Simona Simone

Associate

Milan

View profile →

Press contacts

For media enquiries relating to this topic, please contact:

Canepone Cristina
Cristina Canepone

PR & Communication Manager

Milan

View profile →

31 May 2021

The loan constitutes the largest credit facility related to ESG targets in the telecommunications sector

Allen & Overy has advised Crédit Agricole Corporate and Investment Bank, Milan Branch and Intesa Sanpaolo S.p.A. as global coordinators and sustainability coordinators and a pool of 25 national and international banks as lenders on the extension of the revolving credit facility provided to TIM S.p.A. and its conversion to an ESG-linked financing arrangement. The EUR4 billion loan is currently the largest revolving credit facility with sustainability targets in the telecommunications sector.

The Allen & Overy team advising the banks on the deal was led by partner Pietro Scarfone, with counsel Frederic Demeulenaere, and supported by associates Evangeline Schumacher and Martina Gullino and by trainees Dunia Adhaiem and Mateusz Maciejewski. Senior associate Elia Ferdinando Clarizia supported by associate Simona Simone advised on tax-related aspects.

Orrick has advised TIM S.p.A.