CRIF, the Italian info provider group with branches in various countries around the world has recently completed the issuance and placement of bonds through a US institutional investor. The bond placement includes a 10-year fixed-rate repayment plan.
The operation aims to raise additional liquidity to support the expansion of CRIF’s international ecosystem and ensure an increasingly high level of service and innovative solutions. It also represents a further step for CRIF towards diversifying its financing sources and improving the Group’s debt profile by extending its average duration.
“We are very pleased to announce this operation,” commented Carlo Gherardi, Chairman and CEO of CRIF, “which confirms the appreciation of US investors for our credit quality and CRIF’s long-term strategy and growth potential.”
“We are proud to have actively supported the completion of this transaction; the BNP Paribas Group is eager to be a global partner for CRIF. Our goal is to make our domestic and international platforms available to contribute to the Company’s growing ambitions in the coming years,” declared Maria Elena Gasparroni, Head of Corporate Banking at BNL BNP Paribas.
BNP Paribas Securities Corp. acted as Sole Arranger; Greenberg Traurig Santa Maria supported CRIF as legal advisor, while Akin Gump Strauss Hauer & Feld acted as legal advisor to the investor. Deutsche Bank’s Trust & Agency Services Team acted as the agent bank.
