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Allen & Overy advises on first asset-backed financing on car rental receivables

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The senior notes were subscribed for by primary financial institutions, while the junior notes were underwritten by the originator.

This is the first financing of this kind in Italy known to the market.

The transaction has been structured in compliance with the “simple, transparent and standardised” (STS) criteria set out in the EU regulation 2402/2017.

A&O advised on the transaction with a team led by partner Stefano Sennhauser and counsel Pietro Bellone, supported by associate Chiara D’Andolfo. Partner Francesco Guelfi with counsel Elia Ferdinando Clarizia and associate Simona Simone advised on tax aspects.



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