Axactor Group completes its first Italian securitization

The Axactor Group conducted its first securitization of non-performing loans in Italy through the vehicle company Axactor Capital Italy srl, which has become (and will become) the transferee of various portfolios of NPLs loans that can be purchased on a revolving basis. The purchase price of the receivables is financed by payments made on the variable interest asset backed securities issued by the vehicle company in a partly paid form.

Axactor commented: "This transaction testifies to a growing interest in the Italian market, part of an important growth strategy that will allow for a significant increase in the volumes managed by the Italian platform, the special servicer of the operation".

Axactor was supported for all legal aspects by the Gattai Minoli Agostinelli firm.