Italy defence financing
5 defence financings involving Italy since 2015, and 2 investment and M&A deals, each with its terms and primary sources.
Randeep Bubbra | Lawyer | Making defence financeable
5Financings on file
US$4.9bnFunded volume (US$ eq.)
2Investments and M&A
US$2.8bnLargest financing
Largest financing
Leonardo €2.4bn ESG-linked revolving credit facility, 7 Oct 2021.
By type
| Type | Financings | Funded (US$) |
|---|---|---|
| Bank facility | 2 | US$3.5bn |
| Bond | 2 | US$1.2bn |
| Government finance | 1 | US$121m |
Banks and lenders named
BNP Paribas (4), Credit Agricole CIB (4), UniCredit (4), Intesa Sanpaolo (4), HSBC (2), Societe Generale (2), European Investment Bank (1), BofA Securities (1).
Counts are financings on file where the bank or lender is named. All lenders.
Financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 2025 | EIB €107.5m financing for Italian Army helicopters | Government finance | €107.5m |
| 20 Dec 2021 | Leonardo €600m ESG-linked term loan | Bank facility | €600m |
| 7 Oct 2021 | Leonardo €2.4bn ESG-linked revolving credit facility | Bank facility | €2.4bn |
| 1 Jul 2020 | Leonardo €500m 2.375% Eurobond due 2026 | Bond | €500m |
| Jun 2017 | Leonardo €600m 1.50% Eurobond due 2024 | Bond | €600m |
Investments and M&A
| Date | Deal | Type | Value |
|---|---|---|---|
| 18 Feb 2026 | Fincantieri c.€500m accelerated bookbuild capital increase | Equity raise | €499m |
| 11 Jul 2024 | Fincantieri €400m rights issue | Equity raise | €399m |
Totals are US$ equivalents of funded deals at approximate annual average rates; programme-level and conditional commitments are listed but left out. Records come from public, primary sources. How the register is built.