CLIENT: Tirreno Power S.p.A.

TRANSACTION: Debt advisory & Restructuring

DATE: December 2015

SECTOR: Energy, Utilities and Infrastructure

Mandate:
Assistance to the Lenders in the financial restructuring ex art. 182-bis L.F. of Tirreno Power S.p.A., an Italian company, subsidiary of Energia Italiana S.p.A. (Gruppo Sorgenia S.p.A., Iren S.p.A. and Hera S.p.A.) and Engie S.A. (formerly, GDF Suez S.A.), active in the production of electric energy with an installed capacity of 2,500 MW.

Activities performed:
assistance to the Lenders in the analysis of the financial maneuver, proposed by the Company;
analysis of the reports prepared by specialized engaged consultants, including industrial, market, legal, fiscal advisors;
highlight the critical aspects of the proposal and identify better solutions to share with the counterpart;
coordination between the various Lenders in the research of common solutions to represent the counterpart;
negotiate the financial maneuver with the Company and its Shareholders throughout the entire process up to the closing (signing of the restructuring agreement ex art. 182-bis L.F. and following homolog of the Court).

Deal value: approx. € 900 m

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