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Hogan Lovells advises Renco Group S.p.A. on the issuance of a €45 million sustainability-linked bond listed on Euronext Access Milan and partially guaranteed by SACE's Archimede Guarantee
Press releases
| 14
May
2025
Milan and Rome, 14 May - Global law firm Hogan Lovells has advised – with two different teams – Renco Group S.p.A, as issuer, and the arranger and a pool of investors on the structuring of a €45 million sustainability-linked bond issuance by Renco Group, a leading provider of engineering services and leader in the construction sector, and on the simultaneous admission to trading of the bond on Euronext Access Milan.
The bond was fully subscribed by a pool of investors consisting of, among others, BPER Corporate & Investment Banking (which also acted as joint bookrunner) and Finint Investments with the PMI Italia III private debt fund. SACE issued the “Archimede Guarantee” on 50% of the bonds subscribed by some investors.
The proceeds will be used by Renco Group for new investments on energy efficiency and green economy, as well as for new initiatives aimed at the growth of Renco Group in Italy.
The Hogan Lovells team that advised Renco Group and the arranger on the transaction was led by managing partner Italy Patrizio Messinatogether with partner Sabrina Setini and included senior associate Pietro Tirantello and associate Gabriele Ippolito, while the team led by Partner Alessandro Accrocca, with associate Edoardo Minnetti and trainees Noemi Biagini and Riccardo del Torto advised the pool of investors.
