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Mondadori cuts 26% off margin as club loan competition heats up


By Mike Turner
11.30 AM
Mondadori Group, the Italian book and magazine publisher, has signed €450m of loans from four banks, with the borrower slashing 25bp off the margin as competition to lend to mid-caps soars in Europe.
Mondalari has signed a €230m acquisition facility, a €95m term loan to repay existing debt and a €125m revolving credit facility for general corporate purposes. All the loans mature in December 2026.It was provided by four banks - BNP Paribas subsidiary Banca Nazionale del Lavoro, Banco BPM, Intesa
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Mike Turner , Mondadori Group , Banca Nazionale Del Lavoro , மைக் டர்னர் ,

Rosewood Hotels is adding a Rome property to its portfolio: Travel Weekly


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The former headquarters of Italy s Banca Nazionale del Lavoro will be part of the blocklong Rosewood Rome.
Rosewood Hotels & Resorts inked a deal to manage the Rosewood Rome, a new luxury hotel in Italy s capital. 
Set to open in 2023, the block-long property will comprise three historical buildings dating to the early 1900s. They include the former headquarters of Italy s Banca Nazionale del Lavoro, designed by Italian architect and urban planner Marcello Piacentini and renovated by architecture and engineering firm Jacobs and interior design firm BAR Studio.
The property overlooks the Via Veneto and will feature 157 guestrooms, including 44 suites, as well as a contemporary Italian bistro, a lobby bar and cafe and a rooftop bar with city views.  ....

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