CLIENT: Itca S.p.A.

TRANSACTION: Debt advisory & restructuring

DATE: February 2006

SECTOR: Industrial

Restructuring of the financial debt, through the underwriting of an agreement concerning a partial write off by a group of creditors, a pool of banks and Fiat Group, and the medium-long term rescheduling of residual debt.

Activities performed:
analysis of the financial situation of the company and identification of the proposals to lenders, also referring to the industrial plan;
transposition of the previous analysis in an Information Memorandum addressed to the lenders;
assistance in the negotiation of the terms and conditions of the restructuring agreement.

Deal value: € 300 million