"Hogan Lovells Advises on €5 Million Bond Issuance for Feudi di San Gregorio to Support Growth and Expansion"

Global law firm Hogan Lovells acted as external legal counsel to Cassa depositi e prestiti S.p.A. (“CDP”) and Finint Investments in connection with a financing transaction involving the issuance of two bonds by Feudi di San Gregorio Società Agricola S.p.A., a leading company in the wine sector of Southern Italy. The transaction involved the issuance of two bonds with a total value of €5 million, subscribed by CDP and Finint Investments on behalf of the alternative investment fund “PMI Italia III.” The issuance consisted of two tranches: the first tranche, valued at €3 million with a term of 7 years, was subscribed by Finint Investments through the “PMI Italia III Fund,” while the second tranche, valued at €2 million with a term of 6 years, was subscribed by CDP. The transaction featured an innovative financial structure, which included a revolving non-possessory pledge on the wines held in inventory as security for the bond loans. This structure allows the company to retain possession of the pledged goods and replace them as needed, enabling continued use in production or business processes. The proceeds from the issuance will be used to support Feudi di San Gregorio’s growth initiatives, including the development of Italian and international markets and the Borgo San Gregorio wine resort. The Hogan Lovells team advising CDP and Finint Investments was led by partners Patrizio Messina and Sabrina Setini, and included senior associate Pietro Tirantello and associate Gabriele Ippolito.

"Hogan Lovells Advises on €5 Million Bond Issuance for Feudi di San Gregorio to Support Growth and Expansion"

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