Cases & Deals

Bank of America Europe Designated Activity Company and Banco BPM extends maturity of facility to Felix S.r.l.

Client(s) Bank of America Europe Designated Activity Company and Banco BPM S.p.A.

Jones Day advised Bank of America Europe Designated Activity Company and Banco BPM S.p.A., as mandated lead arrangers and original lenders, in connection with a €85.2 million facility agreement provided to Felix S.r.l., an Italian SPV ultimately owned and controlled by a global investment manager and GWM. The transaction is aimed at extending the existing maturity of the facility as well as implementing certain amendments to the commercial terms and conditions (including financial covenants) in the context of a permitted change of control at the borrower level and the subsequent change of the legal nature of the borrower into a SICAF (AIF).