Ashurst advised Natixis as sole structuring mandated lead arranger, sole bookrunner, sole underwriter and hedging bank, and MPS in relation to the first non-recourse project financing of the SUPERNAP Italia data centre in Italy.

The €91 million loan will be used to refinance the existing debt of €51 million and to finance the expansion of the data centre, owned by SUPERNAP Italia. SUPERNAP Italia data centre is the largest and most advanced data centre in Southern Europe, which was built to the specifications of the industry renowned, Tier IV Gold-rated Switch Las Vegas multi-tenant/colocation data centres.

The Ashurst team in Milan was led by partner Carloandrea Meacci, assisted by the associate Nicola Toscano and included senior associate Federica Periale. Counsel Elena Giuffrè provided assistance in relation to administrative law aspects, while counsel Fabio Balza advised on the tax aspects of the transaction.