Pollen Street announces €100 million facility financing Italian Public Administration receivables

Pollen Street is pleased to announce the completion of a €100 million facility financing a granular, diversified portfolio of performing receivables owed by Italian Public Administration entities. The transaction leverages our existing public sector investment platform in the Italian market supporting long term suppliers and providers of essential services to Italian Public sector entities.

The portfolio comprises receivables due from Italian public-sector bodies, predominantly regional healthcare authorities, with the balance owed by other public administration and central government entities, originated from long term and established suppliers of essential goods and services. The receivables are serviced by a specialist servicer with a multi-year track record originating, underwriting and collecting public-administration receivables.

Collextion, a specialist servicer, based in Rome, with a multi-year track record originating, underwriting and collecting public-administration receivables, will act as special servicer, originator and portfolio agent for the transaction.