Allen & Overy has advised Davide Campari-Milano N.V. in relation to a term facility of EUR400 million and a revolving facility of the same amount, for a total amount equal to EUR800 million.
The pool of banks granting the financing comprises BNL BNP Paribas S.p.A., Bank of America, BPER Banca S.p.A. – Corporate & Investment Banking, Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank (Milan Branch), Intesa Sanpaolo S.p.A. (Divisione IMI Corporate & Investment Banking), Mediobanca – Banca di Credito Finanziario S.p.A. and UniCredit S.p.A. as original lenders, Intesa Sanpaolo S.p.A. (Divisione IMI Corporate & Investment Banking) as agent, Banco BPM S.p.A., Bank of America, BNP Paribas, Italian Branch, BPER Banca S.p.A. – Corporate & Investment Banking, Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank, Milan Branch, Intesa Sanpaolo S.p.A. (Divisione IMI Corporate & Investment Banking), Mediobanca – Banca di Credito Finanziario S.p.A. and UniCredit S.p.A. as mandated lead arrangers, and BNP Paribas (Italian Branch) and Crédit Agricole Corporate and Investment Bank (Milan Branch) as ESG coordinators.
Both facilities are sustainability-linked and provide for a variable component of the interest rate applicable to the Loan depending on the achievement of certain ESG targets identified by Campari Group.
The Allen & Overy team on the transaction was led by partner Stefano Sennhauser and counsel Luca Maffia, supported by associate Alessandro Carta Mantiglia. Partner Francesco Guelfi, counsel Elia Ferdinando Clarizia and associate Doris Ceoromila acted on tax profiles. A team comprising partner Femke Bierman, Kelly van der Vooren and Cobie Kuipers of A&O Amsterdam acted on Dutch law aspects.
