Shearman & Sterling's Rome office advised Prada, the renowned fashion and luxury goods group, in its conclusion of a major dual currency credit facility. The credit facility, entered into by Prada S.p.A. and Prada Japan Co., Ltd., consisted of a €590 million tranche and a JPY 14,500,000,000 tranche, which will be used to refinance existing indebtedness and to fund the Prada Group’s working capital needs.

The lead arrangers were Banca Intesa, Calyon, HSBC Bank plc and Unicredit Banca Mobiliare.