Hogan Lovells
Who we are
Hogan Lovells is a global Law Firm, opened in Italy in 2000, that advices corporations, financial institutions, and governmental entities across the spectrum of their critical business and legal issues globally and locally. We have over 2,600 lawyers operating out of more than 47 offices in the USA, Europe, Latin America, Africa, the Middle East, Asia and Australia.
What we do
We provide full-service legal assistance both nationally and internationally thanks to the integration of teams that work closely together and in synergy, with excellent quality levels in all areas of law. Our lawyers are fluent in English and some of them, in addition to being top Italian qualified professionals, are dual qualified US, UK and French lawyers.
Our Key Figures:
- Cross-practice capabilities: our multi-disciplinary team guarantees you 360° advice.
- Cross-office team: We perform as a single Italian team, no matter where we are sitting.
- Industry and business-oriented advice: We are familiar with critical developments within your industry sector and your business, both in terms of the regulatory environment and the wider context of market pressures you face.
- Client focus: We work with you, on your needs arising from your market, wherever your work takes you.
Brochure and Materials
https://www.hoganlovells.com/en/about-ushttps://www.hoganlovells.com/en/aof/impact-financing
https://www.engage.hoganlovells.com/knowledgeservices/Home
https://www.engage.hoganlovells.com/knowledgeservices/impact-and-sustainability-finance
https://www.engage.hoganlovells.com/knowledgeservices/esg-global-vision
https://www.hoganlovells.com/esgacademy
Track Record of Main Transactions on Sustainability
| Company | Type | Other info | Date |
| Cassa depositi e prestiti S.p.A. | We adviced CDP on the issue of the "Social Bond" for a nominal amount of Euro 750 million. Funds raised through the issuance of the Social Bond will be used by Cdp to finance, in accordance with the new provisions "Green, Social and Sustainability Framework", school building projects andurban regeneration, with particular attention to the safety of buildings and the environment territory, contributing to the achievement of Sustainable Development Goals 4 and 11 of the United Nations ("Quality Education" and "Sustainable Cities and Communities"). The securities were issued under the medium/long-term debt issuance programme (Debt Issuance Programme) of CDP, will be listed on the Luxembourg Stock Exchange and have a duration of 7 years with coupon annual fixed rate of 2.125% and an issue price of 99.288%. The issue, aimed at mainly to the so-called Social Responsible Investors, was accepted by more than 100 investors with a strong presence of foreign investors. Bank Akros, Bank IMI, Barclays, Bank of America Merrill Lynch, Mediobanca, MPS Capital Services, Société Générale, UBI Banca and UniCredit acted as Joint Lead Managers and Joint Bookrunners of the transaction. | N.A. | mar-19 |
| Cassa depositi e prestiti S.p.A. | We adviced CDP on the issue of the first Italian "Sustainability Bond" for a nominal amount of Euro 500 million, reserved to institutional investors. The proceeds arising from the issue of the Sustainability Bond will allow Cdp, in accordance with the provisions of Cdp's new “Green, Social and Sustainability Framework”, to fund projects with environmental and social impacts in four specific areas: infrastructures and urban development, education, SMEs financing, energy and environmental sustainability, thus contributing to the achievement of the United Nations' Sustainable Development Goals. The notes, issued under Cdp’s mid-long term issuance programme (Debt Issuance Programme), will be listed on the Luxembourg Stock Exchange and will have a maturity of 5 years with an annual coupon of 2,125%.The demand for this issue, mainly addressed to the so-called "Social Responsible Investors", amounted to more than Euro 1 billion, with a strong presence of foreign investors (60% of the total demand).Banca IMI, BNP Paribas, Crédit Agricole-CIB, Goldman Sachs International, MPS Capital Services, Banco Santander and Unicredit Bank AG acted as Joint Lead Managers and Joint Bookrunners for this transaction. | N.A. | mag-19 |
| Ferrovie dello Stato Italiane S.p.A. | We advised FS Italiane in placing the second green bond issued by FS Italiane having a nominal value of 700 million euro and a 7 years tenor (rating: S&P’s BBB; Fitch BBB, both negative outlook). Unsecured senior securities are issued under Ferrovie dello Stato Italiane Euro Medium Term Note programme and will be listed on the Irish Stock Exchange regulated market. With this transaction FS Italiane becomes the first corporate issuer to finance the purchase of rolling stock for freight transport via green notes and the first Italian issuer obtaining the Climate Bonds Initiative (CBI) certification, a non-profit organization promoting sustainable finance worldwide in order to fight the climate change. The demand for FS Italiane green bonds was high and equal to 3.5 times the supply. | N.A. | lug-19 |
| Ferrovie dello Stato Italiane S.p.A. | We advised FS Italiane Group in relation to a bond issuance for new regional trainsets. €150 million has been finalised via the subscription of the corporate bond under FS’ EMTN programme, concluded by way of private placement, by the European Investment Bank (EIB). The issuance is part of the FS Italiane Group's broader investment plan of purchasing new, less polluted and more efficient trains for Trenitalia's regional transport. The transaction confirms the business’ commitment to sustainable finance by broadening the wide range of medium/long-term debt instruments designed for finance projects which encourage rail transport with a reduced environmental impact. | N.A. | lug-20 |
| Cassa depositi e prestiti S.p.A. | We advised Cassa depositi e prestiti S.p.A. (CDP) on the issuance of CDP's new "Social Bond". Its proceeds will be reserved for Italian companies investing in research, development and innovation and for those hit hardest by Covid-19, with the aim of supporting their future growth and employment. The new “CDP Social Bond 2020” has been issued under CDP's Debt Issuance Programme (DIP) for a nominal value of EUR 750 million. The fixed-rate bonds have an 8-year maturity with a 1% gross annual coupon. The issuance has been welcomed by over 180 investors, with the highest share being foreign investors, equal to 76%, taking into account ESG's and CDP's issuances. The medium-long term rating of the bonds, which have been listed on the Luxembourg Stock Exchange, is BBB (negative) for S&P, BBB- (stable) for Fitch and BBB+ (negative) for Scope. Barclays, Crédit Agricole CIB, HSBC, Intesa Sanpaolo, JP Morgan, Mediobanca and UniCredit acted as Joint Lead Managers and Joint Bookrunners of the transaction. | N.A. | set-20 |
| UniCredit Banking Group | We has advised the UniCredit Banking Group in EBS Finance, the first securitisation programme of tax claims deriving from the Eco-Sisma-Super-Bonus. The Eco-Sisma-Super-Bonus is a new Italian sustainable legislative scheme involving tax deductions convertible into tax claims granted in favour of renovation works on houses and buildings aimed at energy requalification and reduction of seismic risk. This sustainable legislative scheme was introduced as part of the Italian pandemic economic measures by the so called "Rilancio Decree" (i.e. Law Decree 34/2020, converted into law by Law 77/2020). The securitisation programme has an initial size of €500 million and has been structured in accordance with the Italian securitisation law (i.e. Law 130/99), through the sale of the tax claims to the special purpose vehicle EBS Finance S.r.l. The sellers of the tax claims are all UniCredit's clients of various categories, including companies producing plants and system allowing to achieve the energy saving targets in the renovation works, such as high efficiency boilers, heat pumps and photovoltaic plants. The clients can use the securitisation programme in order to finance their activities through the sale to EBS Finance S.r.l. of the tax claims they originate in the course of their business. Further to the peculiar nature of the securitised assets, the EBS Finance deal has also an additional innovative structural feature: it makes use of the new rules recently introduced under the Italian securitisation law (i.e. art. 1, paragraph 1, letter b) allowing the investors to take part to the securitisation by granting loans to the special purpose vehicle (in addition or as alternative to subscribing or purchasing asset-backed securities). The securitisation has been structured with the involvement of UniCredit Bank AG as Arranger. Under the transaction 130 Servicing is acting as Servicer of the tax claims and Capital Funding Solutions as Programme Administrator. |
N.A. | lug-21 |
| FS Italiane | International law firm Hogan Lovells has advised FS Italiane, the Italian national railway company, in its first Sustainability linked Revolving Credit Facility, with a size of 2.5 billion Euros and a 3 year tenor. This is the largest financial transaction ever for the Group and its first sustainability linked product. The facility has been granted to FS Italiane by Cassa Depositi e Prestiti, the Italian National Promotion Institute, and a pool of banks comprising Intesa Sanpaolo, UniCredit, Credit Agricole CIB, CaixaBank and Banca Popolare di Sondrio. In line with its sustainability linked nature, the facility allows rate of interest and commitment fee adjustments in connection with the achievement of certain targets relating to 4 Key Performance Indicators (KPIs). Such KPIs reflect the FS Group's ESG commitments of improving sustainable mobility, increasing the stations accessibility and rating and decreasing the gender gap in management positions. Hogan Lovells has assisted FS Italiane in all phases of the transaction, including the competitive bid process for the selection of the lenders. | N.A. | lug-21 |
It is the sole responsibility of the Sustainable Finance Partner to check the truthfulness, accuracy and completeness of the data and information entered on this web page, when within its competence and provided by the Partner. Borsa Italiana S.p.A. is not responsible for the contents developed by third parties and in particular by the Sustainable Finance Partners contained in this web page.
AREAS OF EXPERTISE
Our core Services: Corporate/M&A, Compliance, Banking and Finance, Antitrust, Business Restructuring and Insolvency, Tax, Litigation and Arbitration, Intellectual Property, Privacy and Data Protection, Real Estate, Administrative and Public Law, Commercial Law, Employment, Competition and Economic Regulation, Investigations and White Collar Crimes.
Moreover, we assist domestic and international clients in different Industries: Insurance, Financial Institutions, Automotive, Consumer, Education, Energy & Natural Resources, Real Estate, Diversified Industrials, Fashion & Luxury, Life Sciences, Sport & Recreational Facilities, Technology, media and telecoms and Transportation.
SPECIFIC SKILLS
Our Italian practice combines local expertise with an international outlook to provide unparalleled assistance to both domestic and international clients on their cross-border and Italian transactions and disputes, as well as on going strategic advice in relation to their commercial activities and projects.
CONTACTS
Via Santa Maria alla Porta, 2
20123 Milan
Ph. +39 027202521
E. hlinfo@pec.hoganlovells.com
Romefinance@hoganlovells.com
www.hoganlovells.com