Latham & Watkins has advised Italo – Nuovo Trasporto Viaggiatori (Italo), one of Europe’s leading high-speed rail operators, and its shareholders Global Infrastructure Partners (GIP), Mediterranean Shipping Company (MSC), and Allianz Global Investors, on Italo’s bank and private placement refinancing package.
Italo operates a fully electric fleet of 51 trains across Italy, connecting 50 major cities including Rome, Milan, Florence, Naples, and Venice, and 57 stations. The financing will provide Italo long-term funding for growth, including 12 new high-speed trains from Alstom, as well as strengthening Italo’s market position in Italy, and establishing an investment-grade platform for future expansion.
The Latham team was led by London infrastructure partners Seonaid Todisco and Conrad Andersen, with associates Sarah Cheng and Atharva Despande. Advice was also provided by Milan partner Antongiulio Scialpi, with associates Nicola Nocerino and Alessandro Bertolazzi. Advice on hedging matters was provided by London partner Delyth Hughes.
