White & Case Advises Cassa Risparmio di Asti on Senior Secured Financing to Italian Securitization Vehicle
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Global law firm White & Case LLP has advised Cassa Risparmio di Asti S.p.A. as lender on a senior secured financing to an Italian securitization vehicle collateralized by an unlikely-to-pay mortgage loan portfolio provided by Rubattino 87 S.r.l., an Italian real estate company.
The transaction represents one of the first cases on the Italian market of direct lending to an Italian securitization vehicle pursuant to the Italian securitization law that was recently amended.
The White & Case team in Milan which advised on the transaction comprised partners Gianluca Fanti and Giuseppe Barra Caracciolo, local partner Francesco Scebba and associates Riccardo Verzeletti and Teresa Pastore.
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