Intesa Sanpaolo's IMI Corporate & Investment Banking Division, together with a pool of banks, supported AMAP, the sole operator of Palermo's integrated water service and a wholly publicly-owned in-house company, in finalising a EUR135M financing transaction, partially backed by a SACE guarantee.
The structured financing provides for a EUR115M capex line with a ten-year term and a three-year revolving line for the advance payment of NRRP contributions. This will enable AMAP to implement its investment plan for the integrated water system in the Palermo area.
In the transaction, the IMI CIB Division acted as Lending Bank and Agent Bank, confirming Intesa Sanpaolo's commitment to supporting strategic and sustainable projects for the region.
