LPC-Four banks join Mediobanca/UBM for Autostrade loan-bankers

Newswire

LONDON, Dec 24 (LPC) - The 10.28 billion euro loan to finance Benetton's bid for Italian toll-road operator Autostrade has secured the backing of six banks, banking sources said on Tuesday. Barclays, Credit Lyonnais, Goldman Sachs and La Caixa have joined Mediobanca and UBM as underwriters of the loan, which will allow the Benetton family's financing vehicle Schemaventotto to proceed with its bid for Autostrade. The deal's long maturity of 12 years, which is more typical of Italian ...

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