Gattai, Minoli, Agostinelli & Partners advised Credimi in a new e securitisation

Gattai, Minoli, Agostinelli & Partners, with a team composed by the head of the structured finance department Emanuela Campari Bernacchi, the senior associate Salvatore Graziadei and the associates Mattia Valdinoci and Giulio Pacini Onorato, assisted Credimi in a receivables securitisation transaction with the issuance of partially-paid asset backed securities for a maximum amount equal to Euro 25 million.

Banca Generali acted as initial subscriber of the notes issued by Lumen Spv, a special purpose vehicle incorporated in accordance with the Italian securitisation law.

In the context of the securitisation, Credimi will assign to Lumen, on a revolving basis, portfolios of receivables deriving from financing to small and medium-sized companies included in the Elite program.