Loan Agency Services (LAS) is acting as Issuing Agent, Calculation Agent, Common Representative, and Paying Agent in partnership with BFF Bank S.p.A. for the non-convertible, non-subordinated bond issuance by Ares S.r.l., a company specialized in the acquisition, enhancement, and redevelopment of real estate assets. The proceeds from the bond issuance will be used by Ares S.r.l. to finance the acquisition and development of two properties located in Ibiza, with the project being entrusted to Testi Costruzioni S.r.l., a company highly specialized in both green field construction and the redevelopment of existing buildings.
The company issued the debt securities in two tranches: the first, amounting to €4 million, on July 26, 2024, and the second, amounting to €3 million, on August 2, 2024. The securities were fully subscribed by Yeldo Ibiza SCSp.
LAS team is led by Equity Partner Domitilla de Nucci, supported by Manager Tatiana Iaizzo and Senior Analyst Sara Lelli.
The issuer was assisted by the law firm PedersoliGattai, with a team consisting of Partner Valentina Lattanzi, Senior Associate Mattia Valdinoci, and Associate Carlotta Antonelli.
The Subscriber was advised by the law firm Legance, with a team led by Partner Antonio Siciliano, Senior Associate Alice Giuliano, and Associates Nicla Muscillo and Claudia Rossi. The tax aspects were handled by Partner Claudia Gregori and Senior Counsel Francesco Di Bari.
