Saras in €170 Five Year Loan Agreement

June 25, 2012

Cleary Gottlieb assisted Saras in negotiating a five year loan agreement, for a total amount of €170 million, with a pool of international and Italian banks, led by Banca IMI and BNP Paribas. The deal was announced on June 29.

Banca IMI and BNP Paribas acted as Mandated Lead Arrangers and Bookrunners. The syndicate includes Intesa Sanpaolo, Banca Nazionale del Lavoro, Banco Bilbao Vizcaya Argentaria, Natixis, Banco Popolare, Banca Popolare di Sondrio and Banca Carige.