Watson Farley & Williams (“WFW”) has advised Banco BPM S.p.A. (“BBPM”) on a US$15.5m loan granted to d’Amico Tankers Designated Activity Company (“d’Amico Tankers”), a subsidiary of d’Amico International Shipping SA, in order to, inter alia, refinance their existing financial debt.
Banco BPM is Italy’s third largest retail and corporate banking conglomerate, formed in January 2017 through the merger of Banco Popolare and Banca Popolare di Milano. Founded in Rome in 1952, the d’Amico Group is a world leader in maritime transportation in the dry cargo and product tankers sectors with ten offices worldwide.
The WFW Italy maritime team that advised BBPM on all aspects related to the drafting and negotiation of the loan agreement and guarantee documents was led by Partner Furio Samela working closely with Senior Associate Antonella Barbarito and Associates Sergio Napolitano and Noemi D’Alessio.
The team were supported by Partner Helen Noble of Helen Noble Law on matters of Irish law, Partner Patrick Geortay and Associate Sara Giugiario of Linklaters on Luxembourg law and Partner Daniel Aquilina and Senior Associate Matthew Xerri of Ganado Advocates on Maltese law.
d’Amico were represented by in-house counsel Luca Cappotto, Federico Viti and Maria Grazia Compagnone.