White & Case advises on €350 million refinancing of Superstrada Pedemontana Veneta

Global law firm White & Case LLP has advised Ares Infrastructure Debt (Ares) and Vantage Infrastructure on the refinancing of the junior debt of Superstrada Pedemontana Veneta.

The transaction involved a new junior financing facility of up to €350 million to refinance the concessionaire's existing junior debt. At closing, approximately €310 million was drawn, with additional amounts available to be drawn up to the maximum facility amount.

Superstrada Pedemontana Veneta, a motorway in the Veneto Region in the northeast of Italy, is controlled by SIS, a joint venture between Italian infrastructure group Fininc and Spanish infrastructure group Sacyr. Existing lender Vantage Infrastructure elected to roll its commitment into the new junior facility alongside Ares.

The White & Case team that advised on the transaction was led by partners Michael Immordino (London and Milan) and Luca Maffia (Milan) and included partners Pietro Magnaghi (Milan), Benjamin Morrison (London), Guilhem Becvort (Luxembourg) and Thomas Glauden (Luxembourg and Brussels), local partner Ruslana Hrischeva (Luxembourg) and associates Gabriele Costanzo Piccinino (Milan), Pelayo Gonzalez, Arnaud Marquet, Ignacio Martinez, Paul-Antoine Moracchini (all Luxembourg) and Christian Meijling (London).

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