CLIENT : AEM Milano SpA, AEM Torino SpA and Aar e Ticino SA di Elettricità – Atel, main shareholders together with Edison SpA of Edipower

TRANSACTION :Debt advisory & restructuring

DATE: September 2003

SECTOR: Energy, Utilities and Infrastructure

Grant from a pool of banks of medium – long term credit lines and capital increase by the shareholders

Activities performed:
analysis of the financial situation of the company and identification of the optimal financial structure consistent with the defined strategic objectives
transposition of the previous analysis in an Information Memorandum addressed to the potential financing subjects
assistance in the identification and selection of the credit institutions to approach
assistance in the negotiation of the terms and conditions of the financing to be granted by the selected credit institutions
assistance, in collaboration with the other consultants, in the support operations for the execution of the capital increase by the shareholders

Deal value: approx. € 3,300 million