Italy’s Edison signs Eu600m club

Edison, the Italian gas and hydroelectric group, signed a Eu600m three year unsecured term loan on Wednesday. The deal for the Baa2/BBB+/BBB+ rated borrower was secured in a clubbed transaction from six lenders.

  • 27 May 2009

The banks on Edison’s new three year facility are BBVA, BNP Paribas, Calyon, Intesa Sanpaolo, Société Générale and UniCredit.

The deal will be used to repay most of a Eu800m bank overdraft, according to a spokesman for the borrower.

Edison last signed a syndicated loan in May 2006, when it ...

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