Prelios and Intesa Sanpaolo sign strategic agreement on Unlikely to Pay exposures

Prelios said that after the acceptance by Intesa Sanpaolo of the offer received from Prelios, Intesa Sanpaolo and Prelios had today signed a binding agreement to set up a strategic partnership on Unlikely To Pay exposures (UTPs).

The activities and finalization of the arrangements that led to the agreement, which Intesa Sanpaolo disclosed to the market today in a press release, involved the assistance of:

  • Mediobanca as sole financial advisor for the entire transaction;
  • Mediobanca and JP Morgan as co-arrangers of the sale and securitization of a portfolio of UTPs;
  • Linklaters, Orrick and RCCD as legal advisors to Prelios;
  • Bain & Company Italy as industrial advisor to Prelios;
  • Houlihan Lokey as debt advisor to Prelios.