White & Case advises initial purchasers on CEME’s €360 million high yield senior secured notes issuance

Global law firm White & Case LLP has advised the initial purchaser banks, led by Goldman Sachs International and UniCredit, on CEME S.p.A.’s debut issuance of senior secured floating rate high yield notes with an aggregate principal amount of €360 million and entry into a new €67.5 million revolving credit facility.

The notes have been issued pursuant to Rule 144A and Regulation S under the US Securities Act and listed on the Luxembourg Stock Exchange’s Euro MTF market.

CEME S.p.A. is a portfolio company of InvestIndustrial, a global leader in the production of vibration pumps and solenoid valves.

The White & Case team which advised on the transactions’ capital markets aspects was led by partners Michael Immordino (London & Milan) and Evgeny Scirto Ostrovskiy (Milan & London) and included associates Pietro Bancalari (London & Milan) and Lorenza Fici (Milan) and lawyers Noemi Stimamiglio and Alessio Marano (both Milan). The team in Milan which advised on debt finance aspects included partner Stefano Bellani and associate Lorenzo Suzzi.

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