CLIENT : Ansaldo Energia S.p.a.

TRANSACTION: Debt advisory e restructuring

DATE: April 2020

SECTOR: Industrial

Deal description:
With the aim of strengthening its financial structure, Ansaldo Energia, international leader in the production of power generation units, has signed agreements with an international banking pool and with CdP Equity for a total amount of c. €1.9b.
The deal includes: (i) refinancing and rescheduling of existing debt for c.€550m, the confirmation and granting of specific bonding lines up to a maximum availability of c. €908m (ii) share capital increase up to €450m initially underwritten for €400m by CdP Equity and committed for the remaining part.
The deal has allowed the rebalancing of Group’s financial structure, freeing up necessary resources to support the new industrial plan and to reimburse c.€260m bond expiring in April 2020.

Vitale acted as financial advisor, assisting the Group in assessing its financial needs, and in the definition of the structure, terms and conditions of the transaction and in negotiations with counterparts.

Deal value: c. €1.9bn

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