Commercio e Finanza Leasing e Factoring SpA (CFLF), which is headquartered in Naples, is raising Ђ241.8 m through the planned issue of asset-backed floating-rate notes to be issued by Maestrale S.r.l., a special-purpose entity. The notes are backed by a pool of lease receivables generated from lease contracts for real estate, equipment, automotives, and light lorries, trucks, and commercial vans.
In addition to payments made under the lease contracts, the receivables include monies from a number of other sources, such as prepayments, proceeds obtained under insurance policies, proceeds from enforcement of the guarantee provided by CFLF on some of the lease receivables, and proceeds from the sale of the assets conducted by CFLF on behalf of the lessee.
CFLF operates through its seven mono-mandated agencies: in Turin, Milan, Pescara, Naples, Bari, and Cosenza, and its parent company Cassa di Risparmio di Ferrara SpA, which has 88 branches
