Rome, 8 September 2022
Gardant – Italy’s leading operator in the credit management sector both as servicer and as investor, with over EUR 44 billion (GBV) under management and a primary focus on SMEs and corporates – as part of the three-year EUR 100 million basket bond programme, aimed at financing the growth projects of Italian SMEs and strengthening their competitive positioning at international level, has also acted as servicer, corporate servicer, calculation agent, paying agent, monitoring agent and representative of the noteholders in the second issue for a total of EUR 25 million.
The three-year plan is promoted by Sella – as arranger through its Corporate & Investment Banking division – Cassa Depositi e Prestiti and Medio Credito Centrale, acting as anchor investor, each underwriting 40% of the issue, with Banca Sella underwriting the remaining 20%.
As Servicer, Gardant contributed to the underwriting by the securitisation vehicle SBB SPV of three additional mini-bonds for a total value of EUR 25 million, two for EUR 10 million and one for EUR 5 million, which are listed on ExtraMOT PRO3.
These issues will enable the companies to support their investment and development plans in Italy and abroad.
The issuing companies operate in the production and marketing of hair care products and cosmetics in general, the production of furniture components and spare parts for kitchens, and rehabilitation healthcare and RSAs, respectively. Specifically, the issuances concerned:
- GA.MA, a Bologna-based company with a strong international positioning in the market of electronic components for hair and facial care, has issued a EUR 10 million, 7-year mini-bond to strengthen its production capacity in Italy through investments in innovative machinery and equipment at its recently inaugurated plant in Cossolengo (Piacenza).
- FAB, an industrial company based in Petriano (Pesaro and Urbino) and specialised in the production of worktops for modular kitchens, issued a EUR 10 million, 7-year mini-bond for the construction of a new highly automated production plant, which will bring important benefits in terms of higher production volumes and economies of scale.
- Centro di Riabilitazione Lars, based in Sarno (Salerno, Italy), which has been providing outpatient, home and residential rehabilitation care on both a continuous and day cycle since 1989, issued a EUR 5 million, 7-year mini-bond for the construction of four new buildings to house an RSA and offer rehabilitation services and therapeutic treatments.
For further information:
Daniele Biolcati
Tel. +39 337 1689124
Email: daniele.biolcati@gardant.eu
SEC Newgate Italia
Daniele Pinosa, +39 335 7233872, daniele.pinosa@secnewgate.it Michele Bon, +39 338 6933868, michele.bon@secnewgate.it
Fabio Santilio, +39 339 8446521, fabio.santilio@secnewgate.it Chiara Andreotti, +39 340 3613320, chiara.andreotti@secnewgate.it