White & Case LLP has advised Octo Telematics S.p.A., the Italian provider of insurance telematics solutions, on a €60 million term credit facility which may be increased to a maximum of €120 million.

The transaction was led by the Milan branch of ING Bank N.V. and Raiffeisen Bank International AG, which acted as mandated lead arrangers.

The White & Case team in Milan was led by local partner Nicholas Lasagna and partner Iacopo Canino and included associate Miriam Morbelli.