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Sirio #02

presented by October Italy

€700,000

5%

36 months

B+

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location

Location

Fornace Zarattini,Italy

activity

Activity

Restaurants and catering services

Presentation of the company

Created in 1993, Sirio S.p.A. is active in the management of commercial catering stores in hospitals, motorways and airports sector. The company, managed by Stefania Atzori, has 618 employees and is based in Ravenna.

The company’s main activity is to manage point of sales:

  • in hospital with brand "Siriobar";
  • in motorways services areas with brand "Siriogrill";
  • in airports with brand "La Ghiotta";
  • fast food with brand "Burger King".

The company works with 76 stores, mainly located in the north center of Italy, through multi-year concessions with an average duration of about 10 years.

Project Description

"The company wishes to borrow 700 000 € over 36 months to finance the opening of new store branded Burger King in Ravenna. This project will be realised by the end of the year.

As a reminder, the Lendix lending community supported Sirio S.p.A. in April 2018 with 1 500 000 € to finance new stores which are already operative.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.

This project is not covered by the Italian state guarantee.

The amount offered on the platform is limited to 343 000€, which is in line with the regulatory limits.

Like all projects presented to private lenders on Lendix, it is co-financed with institutional investors, sophisticated investors and the management of Lendix, subscribers to the Lendix Fund.

*The multiple of FCCR at 1,2 means that the company has a safety margin of 20 % relative to its ability to repay its credit maturities.

The expert opinion is given as an indication on the basis of the elements provided by the project holder and information from our databases (ModeFinance, Crif, Cerved). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.