IFLR1000

Magnetto Wheels €134 million financing

10/6/2019
Financing
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€ 134 million

$ 151.135 million

Completed

10/6/2019

Overview:

  • Steel wheels producer Magnetto Wheels has secured €134 million in financing, through its parent company Coils Lamiere Nastri (CLN).
  • The multi-jurisdictional financing will be used to diversify the group's client portfolio and further expand its international presence.

Rajeeb Gurung - Researcher

Jurisdiction:

Romania

Deal type:

Financing

Practice area:

Banking

Industry sector:

Automotive

Firms:
Clifford Chance

Party: International Finance Corporation (IFC) (Lender)

Party: Cassa Depositi e Prestiti (Lender)

Popovici Niţu Stoica & Asociaţii

Party: Magnetto Wheels (Borrower)

Lawyer: Alexandru Ambrozie

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