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24 Oct 2025

"Bluefield Revive Italia Secures €115 Million Green Loan for Revamping and Repowering Projects"

"Bluefield Revive Italia I, a project company owned by Bluefield Partners and Arcano Partners Group, has secured a €115 million green loan through a no-recourse Project Finance structure. The financing, which includes €95 million committed and €20 million in agreements, aims to optimize the company's financial structure by refinancing existing debt and providing new resources for the revamping and repowering of 25 special purpose vehicles (SPVs). The loan was arranged by a consortium of banks, including Banco BPM, Caixa Bank, Bayerische Landesbank, and Bankinter, with Banco BPM acting as the agent. Legal assistance was provided by Legance – Avvocati Associati for Bluefield and by PedersoliGattai for the banks."

**Press Release Summary: Legal Firms Involved in Green Loan Financing Transaction** The law firms Legance – Avvocati Associati and PedersoliGattai participated in a significant financing transaction involving Bluefield Revive Italia I, assisting different parties throughout the process. Legance advised Bluefield Revive Italia I, while PedersoliGattai represented the pool of banks involved in the financing. The transaction involved a green loan structured on a no-recourse Project Finance basis, amounting to a total of €115 million, with €95 million committed and €20 million in agreements on. The financing aims to provide Bluefield Revive Italia I with the necessary financial resources to optimize its financial structure by refinancing existing debt and securing new funds for the revamping and repowering of existing plants. The financing supports a plan involving 25 Special Purpose Vehicles (SPVs) and follows a complex reorganization of the Group's corporate structure, which included two intra-group mergers. The legal teams involved in the transaction are as follows: **Legance – Avvocati Associati:** - Monica Colombera (Senior Partner) - Alfredo Fabbricatore (Counsel) - Alessia Lamedica (Senior Associate) - Samuele Vespasiani (Associate) - Cristina Martorana (Partner, Regulatory and Due Diligence) - Alessia Benedetti (Senior Associate) - Alessandro Sassoli (Senior Associate) - Giulia Gandolfo (Associate) - Anna Messina (Associate) - Nicola Azzariti (Associate) - Antonio Siciliano (Partner, Derivative Contracts) - Cosimo Spagnolo (Senior Associate) - Luigi Quaratino (Counsel, Tax) - Mirea Cacciatore (Associate) **PedersoliGattai:** - Nicola Gaglione (Partner) - Eleonora Banfi (Senior Associate) - Angelo Fabris (Senior Associate) - Francesco Lucernari (Counsel, Derivative Contracts) - Alban Zaimaj (Senior Counsel, Tax) - Clementina Bastianutti Riccioni (Senior Associate) Additionally, RI Notai, represented by Notary Anna Irma Farinaro and Cosimo Sampietro, assisted the parties with all notarial activities related to the transaction.
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