Affide, signed a loan of 330 million euros for pawn credit and luxury auctions

The new loan allowed the Company to fully repay the revolving credit line of the same amount stipulated in 2021, further expanding the number of financing banks

ROME – Affide (Custodia Valore – Credito su Pegno S.p.A.) – reference player in the Italian and European pawn credit market and related luxury jewelery and watch auctions – has obtained a multi-tranche pool loan for a total of 330 million euros granted by a pool of leading Italian banks (UniCredit, Intesa Sanpaolo, Banco BPM, Crédit Agricole Italia, BPER Banca, Cassa di Risparmio di Bolzano (Südtiroler Sparkasse AG), Cassa Rurale di Bolzano (Raiffeisenkasse Bozen Genossenschaft), Cassa Centrale Raiffeisen of Alto Adige (Raiffeisen Landesbank Südtirol AG), Banca Agricola Popolare di Ragusa).

The new loan allowed the Company to fully repay the revolving credit line of the same amount stipulated in 2021, further expanding the number of financing banks, extending the duration of the debt and increasing the operational and financial flexibility of the Company itself, all in recognition of a path of growth and consolidation successfully undertaken by Affide from 2018 to today.

The Company made use of the assistance of the Legance law firm – Avvocati Associati (Andrea Giannelli, Antonio Matino, Giovanni Nervo, Michele Vinci), as Legal Advisor. The banks were assisted by the law firm Gianni & Origoni (Matteo Gotti, Alessandro Magnifico, Luca Porcu), as Legal Advisor. The shareholder and CEO of the Viennese parent company Dorotheum Lucas Tinzl, the General Director Rainer Steger and the Head of Structured Finance of Affide Stefano Candiani sincerely thank all the Institutes and advisors involved for the success and great interest received from this important operation.< /p>