BeBeez will be the media partner for Napoli NPL Conference 2024 of Gazzetta Forense – Associazione Nemo Plus Iuris and Università degli Studi di Napoli Federico II that will take place on 10 May, Friday at Naples Hotel Excelsior. Click here for the event’s programme and sign up
Engineering Ingegneria Informatica, an IT company that belongs to Bain Capital, NB Renaissance and NB Aurora, said that it will increase by a further 100 million euros the Luxembourg-listed bond maturing in 2028 with a coupon of 11.125% that issued in May 2023 for 385 million (see here a previous post by BeBeez). The company said that will invest such proceeds in the repayment of the withdrawals from a revolving credit facility. Engineering will carry on such further issuance 101% priced through a private placement for institutional investors. Maximo Ibarra is the ceo of Engineering
Milan-listed real estate developer and special situations investor Borgosesia said it will issue a 5-years senior bond for up to 30 million euros (see here a previous post by BeBeez). The first issuance will take place on 25 May, Saturday. MIT SIM will act as lead-manager and book-runner. The issuance has a rate of 3M euribor plus 500 bps and it will be callable from 30 June 2026. Modefinance assigned Borgosesia with a rating of A3-.
French real estate crowdfunding platform ClubFunding placed two secured senior bonds for refinancing the debt it raised for acquiring Venice-based Palazzo Duodo in 2021 from Compagnie de Phalsbourg (see here a previous post by BeBeez). One of the bonds will mature in two years and is worth 5 million. The company did not provide further details for the other issuance.
Babylon Cloud, a developer and provider of cloud storage services for TLCs and software houses, issued a minibond of 1.5 million euros maturing in 72 months for which Medio Credito Centrale provided a warranty (see here a previous post by BeBeez). Banca Valsabbina subscribed the bond. Alessandro de Losa, chairman, owns 57.25% of Babylon which has sales of 2.8 million, an ebitda of 0.816 million and net cash in the region of 0.67 million. The company will invest the raised proceeds for building “Green Data Center”, a facility with co-generation capacity exceeding energy requirements.
