International law firm Ashurst advised European Investment Bank (EIB) on the €3.5 billion financing for Open Fiber, the broadband company owned by Enel and Cassa Depositi e Prestiti (CDP).

EIB is one of the key lenders of the transaction, participating to the financing with a €350 million ticket.
The credit facilities have a seven year tenor, with Unicredit, Société Générale and BNP Paribas acting as underwriters, global coordinators, global bookrunners, initial MLA and original lenders in syndication with CDP and other banks.
 
Ashurst was legal counsel to EIB on the €350 million direct contract to Open Fiber S.p.A. and on the other financial documents of the transaction, with a team led by partners Franco Vigliano and Carloandrea Meacci, supported by counsel Simone Egidi.