Gattai, Minoli, Agostinelli & Partners assisted Credimi in the securitisation transaction of receivables arising from loans provided under Credimi Futuro, the new digital financial solution designed to support the updating and growth of the Italian PMI.
Credimi Futuro is an unsecured loan for a duration of 5 years whose preliminary investigation is prepared by Credimi’s artificial intelligence algorithms and whose disbursement is subject to the resolution of the Guarantee Fund for the PMI.
The securization was carried out through the special purpose vehicle Lumen SPV who issued asset-backed securities for about Euro 13 milion. In the context of the revolving securization, Lumen may issue further asset-backed fully fungible securities with respect to those of the first issue for an amount of max Euro 60 milion. Banca Generali, assisted by Dla Piper, acted as placement agent for the notes issued by Lumen SPV.
Gattai Minoli Agostinelli assisted the client with a team formed by the Head of the Structured Finance Department Emanuela Campari Bernacchi, senior associate Salvatore Graziadei and associate Giulio Pacini Onorato.