Iervolino Entertainment (IE), a company working in the production of film and television content for the international market and listed on the Borsa Italiana AIM Italia market, today
announced that it has secured a non-convertible, unsubordinated and unsecured debenture loan for a principal amount of €8,000,000.00 (eight million/00), fully underwritten by Intesa Sanpaolo SpA.

Pursuant to the contract signed between the issuing company, Intesa Sanpaolo SpA, as the original bond underwriter, and Banca IMI SpA, the arranger of the entire transaction, the debentures were issued in the form of 80 bonds with a nominal value of €100,000.00 (one hundred thousand/00) each. These unsecured bonds will be fully underwritten by Intesa Sanpaolo as part of the wider Basket Bond operation, organised in partnership with ELITE, a private market of integrated services and a multistakeholder network operating under the London Stock Exchange Group, at the heart of the global finance system. This network of successful entrepreneurs, professionals and international investors all share a common goal: to invest in the growth of the best companies in the world.

Andrea Iervolino, president and founder of Iervolino Entertainment, said: “This debenture loan, underwritten by Intesa Sanpaolo, will go a long way towards achieving Iervolino Entertainment’s growth objectives. The new resources will be used to finance new productions by accelerating our expansion plan around the world and at home in Italy, where we foresee a variety of new employment opportunities arising from our current agreements. Our new production investments are expected to generate sufficient cash flow to meet our financial commitments and beyond.”

The organisation of the transaction was entrusted to Banca IMI SpA, an investment bank in the Intesa  Sanpaolo Group. Fully underwritten by Intesa Sanpaolo SpA, the debentures will be subject to subsequent securitisation for institutional investors. The debenture loan will be repaid according to an amortisation schedule organised over 7 years, including 2 years of pre-amortisation. The interest on the debentures, equal to 4.07% on an annual basis, will be paid semi-annually and in arrears.

Given the above, the bonds, which will not be subject to listing, were issued exempt from the obligation to publish a bond prospectus, pursuant to and for the purposes of art. 1, paragraph 4, of EU Regulation 2017/1129 and art. 100 of the Italian Unified Financial Act. The Debenture Loan Regulations include specific economic/financial covenants relating to predefined threshold values in terms of Net Financial Position/EBIT, Net Financial Position/Net Worth and EBIT/Gross Interest.

The Loan Regulations will be made available to the public, in accordance with the procedures and terms established by law, at the company’s registered office (29 Via Barberini, 00187, Rome) and on the company’s website (


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