Associazione Calcio Milan S.p.A. has completed his financial debt reorganisation, started from the well-known closing of the company’s acquisition occurred on 13 April 2017, through the issuance of two non-convertible bonds listed on the Third Market organized and managed by the Vienna Stock Exchange, entirely subscribed by the qualified investor Project Redblack S.à .r.l. (linked to funds Elliott and Blue Skye).
In particular, a first bond named “Prestito Obbligazionario Garantito Associazione Calcio Milan S.p.A. 2017-2018 – Serie 1” (Secured Bond Associazione Calcio Milan S.p.A. 2017-2018 – Series 1) for an amount approximately equal to Euro 77 million is aimed at refinancing existing financial exposure of the issuer, whereas a second bond named Prestito Obbligazionario Garantito Associazione Calcio Milan S.p.A. 2017-2018 – Serie 2” (Secured Bond Associazione Calcio Milan S.p.A. 2017-2018 – Series 2) for an amount approximately up to Euro 54 million is aimed at financing the football player acquisition campaign.
Associazione Calcio Milan S.p.A. was assisted by Studio Gattai, Minoli, Agostinelli & Partners and, in particular, for the structured finance aspects by a team composed by the equity partner Emanuela Campari Bernacchi, the senior associate Valentina Lattanzi and the associates Salvatore Graziadei and Allegra Arvalli; for the banking & finance aspects by a team composed by the name partner Riccardo Agostinelli, the senior associate Daniele Migliarucci and the associates Giorgia Gentilini and Mattia Valdinoci; for the tax aspects by the equity partner Cristiano Garbarini and the associate Alban Zaimaj.
The international Law Firm Gianni, Origoni, Grippo, Cappelli & Partners with a team composed by Roberto Cappelli, Andrea Aiello, Andrea Gritti, Federico Ferrari and Alessandro Antoniozzi has assisted AC Milan for the corporate aspects of the transaction, in the context of the general corporate assistance to the company.
Project Redblack S.à .rl. was assisted by Studio Craca Di Carlo Guffanti Pisapia Tatozzi & Associati, with a team composed by Alfredo Craca, Giulio Gomitoni, Lea Lidia Lavitola and Gioia Stendardo and, for the tax aspects, by F&C – Studio legale tributario, with the partner Francesco Fabbiani and a team composed by the partner Raffaele Caccavo and the associate Stefania Romano.