Press Release

White & Case Advises Morgan Stanley on Beni Stabili's Private Placement

Global law firm White & Case LLP has advised Morgan Stanley, as sole underwriter, on a private placement by Beni Stabili S.p.A. Siiq of senior unsecured notes for an aggregate amount of €125 million, with a coupon of 2.125 percent maturing in 2022, that have been issued to qualified investors.

Beni Stabili is a leading real estate company headquartered in Rome and Milan. The notes are being offered in accordance with Regulation S of the US Securities Act and will be listed on the Irish Stock Exchange.

The White & Case team included partner Michael Immordino (London & Milan), local partner Paul Alexander (Milan) and associate Silvia Totti (Milan).

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