Saipem €4.7 billion financing

Overview:

• Saipem has secured €4.7 billion in financing.
• The financing consisted of a € 1.6 billion bridge facility, a € 1.6 billion term facility and a € 1.5 billion revolving facility.
• Banca IMI, Citigroup, Deutsche Bank, Mediobanca, UniCredit, Goldman Sachs and JPMorgan acted as initial arrangers.
• ABN AMRO, Bank of China, BNP Paribas, DNB Bank, HSBC, ING and Standard Chartered, Unione di Banche Italiane, Unione di Banche Italiane, Banca Monte dei Paschi di Siena, Banca Popolare di Milano, Banco Santander, ICBC, Mizuho and Banca Popolare di Sondrio also acted as lenders.
• The deal is done in the wider context of a capital increase of up to €3.5 billion.

Sam Duke - Editor