- Client:Rekeep S.p.A.
Debt Advisory e Restructuring
- Date:May 2023
Energy, Utilities and Infrastructure
- Deal Description:
Vitale acted as financial advisor to Rekeep S.p.A., the leading Integrated Facility Management company in Italy, in obtaining a Euro 60 million credit line facility provided by SACE Fct and Banca Sistema and guaranteed by SACE's SupportItalia guarantee to sustain the liquidity of its supply chain.
Rekeep - the leading Italian player in the delivery of public utility services, especially active in the healthcare and providing facilities in general for buildings, persons and cities both in italy and abroad - announces that it has obtained a Euro 60 million credit line facility to support the liquidity and stability of about 150 suppliers and sub-suppliers all over Italy.
In this transaction, whose lead manager is SACE Fct, the SACE Group’s factoring company, and Banca Sistema have provided a Confirming line of credit totaling Euro 60 million, to be drawn on by the chain of Rekeep’s suppliers and sub-suppliers. The line of credit is backed by SACE’s Garanzia SupportItalia, an extraordinary instrument put in place to support liquidity after the adverse financial effects of the Russia-Ukraine crisis.
- Deal value: