Global law firm White & Case LLP has advised Open Fiber S.p.A., an Italian company which installs, supplies and services fibre optic high speed electronic networks across Italy, on its €3.5 billion financing.
The deal is the largest ever financing for a fibre optic network in the EMEA region.
BNP Paribas and Société Générale and UniCredit acted as underwriters, global coordinators, global bookrunners and initial mandated lead arrangers, and Cassa Depositi e Prestiti, the European Investment Bank, Banca IMI, Banco BPM, MPS Capital Services and UBI Banca, Credit Agricole, ING, Caixa Bank, MUFG Bank, Natwest and Banco Santander acted as lenders. Unicredit also acted as agent.
The White & Case team which advised on the transaction comprised partners Michael Immordino (Milan & London), Iacopo Canino and Ferigo Foscari and associates Stefano Bellani and Adriana Tisi (all Milan).
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