(Visited 41 times, 1 visits today)
(Visited 41 times, 1 visits today)
  • Transaction / Assets
    NPL portfolio
  • Seller
    Tre Holding
  • Buyer
  • € MM

Illimity acquired mortgage loans for 130 million euro from Tre Holding

20 May, Milano Finanza

Illimity Bank has recently purchased a portfolio composed of mortgage loans and participating financial instruments from the asset manager Tre Holding for a total of 130 million euro. The portfolio consists of credits of 13 Italian and foreign banks towards Tre Holding concerning assets leased to a luxury brand. Illimity entered with Tre Holding a medium-long term debt restructuring agreement. The financing has a duration of 5 years and is aimed at consolidating the company’s finances.

Source: Milano Finanza

Translator: Cristina Ambrosi

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