Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
Herbert Smith Freehills Kramer has advised FNM S.p.A. (FNM) on the execution of an €80 million financing facility with the European Investment Bank (EIB)...
Italy
Herbert Smith Freehills Kramer has advised FNM S.p.A. (FNM) on
the execution of an €80 million financing facility with the
European Investment Bank (EIB), aimed at supporting a significant
investment programme in sustainable mobility across the Lombardy
region.
The transaction, supported by InvestEU and SACE's Archimede
Guarantee, will finance FNM Group projects related to the use of
hydrogen in transportation, contributing to the energy transition
and the development of a more modern and sustainable transport
system in Italy.
The facility has a final maturity of 15 years from utilisation,
with an availability period of 36 months from signing, and will be
repaid on an amortising basis following a three-year grace period.
The financing agreement includes financial and non-financial
covenants, conditions precedent and events of default in line with
market practice for transactions of this nature. A SACE guarantee
covering 50% of the financed amount has also been provided.
Herbert Smith Freehills Kramer acted for FNM with a team led by
Emanuela Da Rin, Partner and Head of the Italian Banking &
Finance team, together with Alessandro Buiani, Senior
Associate.
Contributor
Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
