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White & Case Advises on SACE-Guaranteed Financing Granted to Burgo Group

Global law firm White & Case LLP has advised a pool of lenders on a financing to the Burgo Group S.p.A. guaranteed by SACE S.p.A., a state-owned Italian export credit agency.

The guarantee by SACE S.p.A is provided pursuant to Article 1 of the Italian Liquidity Decree, and the amendment of certain terms and conditions of the existing financial arrangements between Burgo Group and its lenders. The guarantees granted by SACE S.p.A are reserved for loans with a maximum duration of six years granted between the effective date of the Liquidity Decree and June 30, 2021, subject to certain conditions.

The Burgo Group is one of the leading European producers of graphic papers, specialty papers and containerboard for the packaging sector.

The pool of lenders included Banca Nazionale del Lavoro S.p.A., Banco BPM S.p.A., Banco di Sardegna S.p.A., Cassa di Risparmio di Bolzano S.p.A., Intesa Sanpaolo S.p.A., Mediobanca – Banca di Credito Finanziario S.p.A. and UniCredit S.p.A., acting as mandated lead arrangers and original lenders.

The White & Case team in Milan that advised on the transaction comprised partners Maria Cristina Storchi and Andrea Novarese, associate Francesco Pirisi and lawyer Ioana Gaga.

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