Cases & Deals

Unicredit restructures two mortgage loan agreements

Client(s) Unicredit Corporate Banking S.p.A.

Jones Day provided advice to Unicredit Corporate Banking S.p.A., as lender, arranger, agent, and security agent, in connection with the restructuring of two mortgage loan agreements for Freccia Rossa Shopping Centre srl pursuant to Article 38 of the Italian Banking Act. The restructurings consisted of a rescheduling of the amortization plans, the increase of the applicable margin, provision of a no distribution covenant, suspension of a cash reserve undertaking, and acknowledgment and extension of the existing security interests.