CPL CONCORDIA, €43 million in funding

The transaction, with SACE's Garanzia Italia, was concluded by a pool of 7 institutions with BPER Banca in the role of agent bank, DLA Piper, White & Case, Zulli and Tabanelli, Pirola Corporate Finance as legal and financial advisors assisting the banks and CPL CONCORDIA in the transaction

Modena, 16 February 2021 - CPL CONCORDIA, one of the world's largest and longest-running Italian cooperatives in the energy and services sector, will benefit from a loan of €43 million, with a SACE guarantee, granted by a pool of institutions composed of BPER Bank in the role of agent bank and co-global coordinator, from Intesa Sanpaolo and UniCredit as Bookrunner, MLA and co-global coordinator and BNL (BNP Paribas Group), Banco BPM, SANFELICE 1893 Banca Popolare, and UBI Banca (Intesa Sanpaolo Group) in the role of MLA; DLA Piper, White & Case, Zulli and Tabanelli, and Pirola Corporate Finance are the legal and financial advisors who assisted the pool of banks and CPL CONCORDIA in the transaction, respectively.

The loan was guaranteed in a short time by SACE through Garanzia Italia, the instrument of the Liquidity Decree intended to support Italian companies affected by the Covid-19 emergency.

The sum available to the company is intended to finance investments, personnel costs, working capital, production plants and activities located in Italy, supporting the company in the post-health emergency recovery phase and continued growth.

Ermanno Ruozzi, Regional Director of Emilia Centro of BPER Banca, said: "Our Institute is always attentive to intercepting the needs of companies. In particular, at this stage, we want to be at the forefront of participating in operations that make a valuable contribution to companies on the road to recovery. CPL CONCORDIA also represents a reality that has always stood out for its planning and innovation: we are sure that this intervention, also carried out with the valuable support of our Business and Corporate Finance Department, will bring benefits to the territories of reference"

Pierluigi Capelli, General Manager of CPL CONCORDIA, underlined: "We are very satisfied with the conclusion of this transaction, which sees our Company once again being financed by the most important national credit institutions, after the vicissitudes of the past years. CPL has also had repercussions resulting from Covid but not such as to undermine its fundamentals, which were and remain good, and obtaining this important funding is proof of this. We will now be able to give greater impetus to the development and growth of our turnover and margins, as well as having an additional decisive lever to support working capital and therefore, indirectly, our suppliers and customers. We will therefore continue resolutely with digitalization, the consequent review of our operational processes and with the development and growth of the skills of our staff."

SACE's Head of Mid Corporate Centre-North Marco Mercurio commented: "Our intervention has allowed CPL CONCORDIA to strengthen its growth road map and confirm its employment plans, despite the very complex moment we are facing. SACE is proud to support the activities of a company that represents a point of reference in a strategic sector for the country, such as the energy sector".