SEA-Società Esercizi Aeroportuali, the manager of Milan’s Malpensa and Linate airports, placed a 300 million euros Dublin-listed senior unsecured bond with a seven years tenure and a 3.5% rate (see here a previous post by BeBeez). The company will invest such proceeds in refinancing a 300 million and 3.5% coupon five years bond that issued in 2020 maturing on 9 October, Thursday. SEA belongs to Milan Municipality (54.81%), F2i (8.62%) and 2i Aeroporti (36.39% – a company of which F2i has 51% and Asterion Industrial Partners has 49%). BNP Paribas, Mediobanca, Banca Akros, CitiGroup, IMI-Intesa Sanpaolo carried on the placement and retained Allen Overy Sherman Sterling. Armando Brunini is the ceo of SEA which received assistance from Simmons & Simmons. S&P Global previously graded SEA with a rating A- and stable outlook. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors SEA and 2i Aeroporti. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
Italian pharmaceutical company Alfasigma attracted two financing facilities worth 100 million euros each from Banco BPM for which SACE provided a 70% warranty (see here a previous post by BeBeez). One facility has a 7-years tenure and the other will mature in 10 years. Alfasigma will invest such resources in its international expansion. Alfasigma has a turnover of 1.36 billion, an ebitda of 358 million and net cash of 318.6 million.
Gruppo GIVA, an Italian steel company, attracted a 150 million euros financing facility from Crédit Agricole Italia, BNL BNP Paribas, Banco BPM, Banca Monte dei Paschi di Siena, and Banca Popolare di Sondrio for which SACE provided a 50% warranty (see here a previous post by BeBeez). Studio Legale GPBL (Gatti Pavesi Bianchi Ludovici) assisted GIVA while Simmons&Simmons advised the banks. The company will invest such proceeds in decarbonization processes. GIVA has sales of 653 million, an ebitda of 62 million and net debts of 120.8 million.
PLT energia, an Italian renewable energy company, received a 54.2 million euros project financing facility from UniCredit (see here a previous post by BeBeez). The company will invest such proceeds in the greenfield development of 11 grid parity photovoltaic plants. UniCredit retained BonelliErede, Fichtner Italia, Marsh, and PwC Advisory. Stefano Marulli is the ceo of PLT which hired Studio Tributario E Legale Rossi Rossi & Partners.
ERM, an Italian renewable energy company that belongs to Moncada Energy Group, attracted a 20 million euros financing facility from Banco BPM and Banca Ifigest for refinancing the development of photovoltaic plants (see here a previous post by BeBeez). Dentons assisted the lenders and SACE. Raimondo Moncada is the ceo of Moncada Energy Group which hired L&B Partners Avvocati Associati.
Italian theme park Leolandia issued a 12.5 million euros bond with a 6-years maturity for financing its organic growth and development (see here a previous post by BeBeez). Banca Finint and Ver Capital subscribed the bond that has a baloon (increasing principal portions) repayment structure. Greenberg Traurig Santa Maria acted as deal legal counsel. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ver Capital, Finint and the companies that they financed. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
Vetrerie Meridionali attracted from BdM Banca a 10-years financing facility of 10 million euros for which Sace provided a 70% warranty (see here a previous post by BeBeez). The company will invest such proceeds in its organic growth and decarbonization. Vetrerie Meridionali belongs to OI European Group and Giuseppe Francesco Vinella. The firm has sales of 91.3 million, an ebitda of 30.1 million and net debts of 22.4 million. Cristiano Carrus is the ceo of BdM Banca.
Top Network, an Italian ICT company, issued a senior asset-backed minibond of 4 million euros through the Elite’s programme Basket Bond Tech for which CDP and MCC act as investors and Equita as arranger (see here a previous post by BeBeez). Dentons and Equita acted as advisors. Basket Bond Tech aims to invest 100 million in bonds that SPV Project 2206 will subscribe. The spv will issue abs notes that CDP and MCC will acquire. The programme already carried on the issuances of Retex (5 million), Digital360 (8 million) and Industrie Saleri Italo (8 million). Top Network is part of Smart4 Engineering (SM4), a French private equity that Cyril Roger created, and that Carlo Torino heads in Italy. The company has a turnover of 300 million that will invest the raised proceeds in its organic growth.
