BNP Paribas, Finint, and UniCredit act as arrangers in trade receivables securitization facility for leading Italian-based industrial group
Client(s) UniCredit Bank AG, BNP Paribas, and Finanziaria Internazionale
Jones Day advised BNP Paribas, along with Finanziaria Internazionale (Finint), and UniCredit, as arrangers, in connection with a €300 million trade receivables securitization transaction originated by a leading global Italian-based industrial group through the issuance of asset-backed securities with a partly paid structure by a securitization vehicle established pursuant to law 130/1999. The securitized portfolio included also trade receivables owned by the originator in 15 foreign jurisdictions.