Client or Matter Name
Banca Nazionale del Lavoro S.P.A., as agent, and a group of Lenders.
Deal Description
We acted as legal counsel to Banca Nazionale del Lavoro S.P.A., as agent, and a group of Lenders in the EUR€437 million (approx.) syndicated financing to F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A. (“FILA”) - an Italian company and leader in the art and writing materials industry, listed on the “Borsa Italiana” (the Italian stock exchange).
Innovation & Additional Comments
The transaction involved, among others, the accession of the Mexican subsidiary of FILA – Grupo Fila-Dixon, S.A. de C.V. – to the syndicated loan agreement, as guarantor.
Therefore, it was necessary to review and negotiate the foreign documents in order to ensure their legal validity in Mexico.
Finally, the deal was particularly challenging given that it involved two separate jurisdictions (Mexico and Italy). As such, the structure was negotiated at-length and required to conform different concepts from foreign law into a Mexican-law governed transaction.
Jurisdiction
Mexico
Italy
Germany
France
Governing Law
Italy
Deal Value
EUR €437 million (approx.)
Deal Duration, Date of Closing / Signing
Closing: October 24, 2022
Practice Area
Corporate Finance
Team GC
Leading Partner: José Ignacio Rivero Andere
Managing Associate: Jacinto Ávalos Capín
Associate: Luis Ernesto Brieño Jiménez
Law clerk: Maite Robledo Saldívar
Otras Firmas Involucradas
Sainz Abogados, as Mexican counsel to FILA
Bonelli Erede, as Italian counsel to FILA
Linklaters, as Italian counsel to the Agent and the group of Lenders