International law firm Ashurst has advised EF Solare Italia S.p.A., as borrower, on a €100 million equity bridge loan, consisting of a revolving cash credit line, granted by UBI Banca SpA.

The credit line will guarantee EF Solare Italia, the leading photovoltaic operator in Italy, the financial flexibility necessary to continue the process of consolidation of the sector.

This is one of the largest equity bridge loans in Italy in the renewables sector.

The EF Solare Italia team was led by CFO Mauro Ianniello, and included the head of legal affairs Francesca Grifi.

The Ashurst team was led by partner Carloandrea Meacci, assisted by counsel Fabio Balza who advised on the tax aspects.