14 Oct 2025

"International Law Firms Facilitate Financing for Setramar Port Holding in Strategic Investment Plan"

"International law firm Ashurst has assisted PGIM, a global asset manager, in a financing operation involving the issuance of senior secured notes for Setramar Port Holding, a leading terminal operator in the dry bulk and logistics sector at the Port of Ravenna. The financing aims to refinance Setramar's capital structure to support new investments outlined in its 2025-2029 industrial plan, which focuses on growth across its four multipurpose terminals. Ashurst's multi-jurisdictional team, led by partner Umberto Antonelli, handled various legal aspects, while Linklaters provided support to Setramar. Additionally, Clifford Chance assisted with the golden power notification process."

**Press Release Summary** The international law firm Ashurst assisted PGIM, a global asset manager, and its funds in a financing transaction involving the issuance of senior secured notes for Setramar Port Holding. The Setramar Group, a leading terminal operator in the dry bulk and logistics sector operating in the port of Ravenna, was represented by the law firm Linklaters. Additionally, Clifford Chance provided assistance to Setramar Port Holding regarding the golden power notification process. The transaction primarily aims to refinance the capital structure of the Setramar Group to support new investments outlined in the 2025-2029 industrial plan, which seeks to accelerate growth and business across the four multipurpose port terminals managed by the group in the port of Ravenna. **Lawyers Involved:** *Ashurst:* - Umberto Antonelli (Partner, Milan) - Lead - Nicola Toscano (Counsel) - Financial documentation - Giulia Lamon (Senior Associate) - Financial documentation - Federica Ferrua (Associate) - Financial documentation - Benedetta Francesca Monestier (Associate) - Debt capital markets - Elena Giuffrè (Partner) - Legal due diligence - Gianluca Di Stefano (Senior Associate) - Legal due diligence - Michele Milanese (Partner) - Tax aspects - Irene Tedeschi (Trainee) - Tax aspects - Gabriele Accardo (Partner) - Golden power aspects - Cecilia Ghinassi Carini (Associate) - Golden power aspects - Helen Jones (Partner) - English law aspects - Emma Bridger (Senior Associate) - English law aspects - Jake Olszowski (Trainee) - English law aspects - Jeffrey Johnson (Senior Counsel) - US law aspects - Katia Fettes (Partner) - Luxembourg law aspects - Jean-Baptiste Ntumba (Associate) - Luxembourg law aspects *Linklaters:* - Francesco Faldi (Partner) - Lead - Marilisa Ciotta (Associate) - Banking aspects - Chiara Savarese (Associate) - Banking aspects - Linda Taylor (Counsel) - English law aspects - Laura Le Masurier (Managing Associate) - English law aspects - Yaroslav Alekseyev (Partner) - US law aspects - Chaila Fraundorfer (Associate) - US law aspects - Tiago Ventura Mendes (Senior Managing Associate) - Luxembourg law aspects - Andrea Serena (Associate) - Corporate aspects - Daniele Tira (Trainee) - Corporate aspects - Roberto Egori (Partner) - Tax aspects - Fabio Balza (Counsel) - Tax aspects - Luigi Spinello (Managing Associate) - Tax aspects *Clifford Chance:* - Luciano Di Via (Partner) - Golden power notification - Eleonora Zappalorto (Associate) - Golden power notification - Margherita Canali (Trainee) - Golden power notification
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