A&O Shearman Advises on Significant Risk Transfer Securitizations for Project Finance and Infrastructure Loans

"A&O Shearman has successfully advised on two significant securitizations involving approximately EUR 4.8 billion in project finance and infrastructure loans across several European countries. The team, led by partners Pietro Bellone and Parya Badie, included senior associates and counsel who contributed to various aspects of the transactions. The firm emphasized the importance of these transactions for the development of the SRT market in Italy and Europe, particularly as private credit strategies gain traction in these asset classes."

On October 29, 2025, law firms A&O Shearman advised on a significant transaction involving two on-balance sheet SRT (Significant Risk Transfer) securitizations, assisting parties in the project finance and infrastructure sectors. The transaction involved securitizations referencing portfolios of project finance and infrastructure loans with an overall notional amount of approximately EUR 4.8 billion. The underlying exposures pertained to projects and infrastructures located in several European countries, including Italy, Luxembourg, Germany, and Spain. Golub Capital provided credit protection by underwriting a portion of the junior tranches. The A&O Shearman team was led by partners Pietro Bellone and Parya Badie. The team also included senior associates Giovanni Chiarli, Eric Denton, Robert Simmons, Martina Gullino, and Chiara D’Andolfo. Partner James Bryson provided assistance on U.S. aspects of the transaction, while counsel Elia Ferdinando Clarizia handled tax matters.

A&O Shearman Advises on Significant Risk Transfer Securitizations for Project Finance and Infrastructure Loans

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