Ourvita, a producer of medical devices and food integrators that belongs to Investindustrial issued a 170 million euros bond (see here a previous post by BeBeez). Sagi Cohen, the company’s chairman and ceo, mandated the vice chairman Alessandro Sertorio to handle the issuance of three further senior PIK (payment-in-kind) bonds worth up to 246.5 million maturing in 7 years and paying a coupon of 6M Euribor plus 550 bps (0% floor). The spread may change later according to total net leverage ratio – based step up and step-down mechanisms. At maturity, the company may pay interest charges with a margin increase. All bonds have several collaterals and a pledge on a ‘limited recourse’ basis that Ourvita will provide. The company branded as Prestito Obbligazionario B the 170 million bond that may increase up to 182.5 million. Ourvita will invest such proceeds in refinancing its current liabilities (including a 110 million loan that received in December 2020 from Intesa Sanpaolo, Unicredit, Crédit Agricole Italia, Banca Sella, and Muzinich & Co) and in financing the recent acquisition of Poland’s Laboratoria Natury. The company may carry on the issuance of a second multi-tranched of 30 – 60 million bond, Prestito Obbligazionario CAR, within three and a half years of the placement of Prestito Obbligazionario B. Ourvita may issue the bond in GBPs or US Dollars. Such resources will finance the company’s working capital. Prestito Obbligazionario Working Capital will be of 30 – 32 million. Ourvita may place such bond within 90 days of Prestito Obbligazionario B issuance (see here a previous post by BeBeez). Chiomenti and Paul, Weiss, Rifkind, Wharton & Garrison LLP assisted the issuant. Latham & Watkins, Maisto e Associati and Deutsche Bank assisted the investors. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Investindustrial and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Metlen Energy & Metals (fka Mytilineos Energy & Metals) an Athen-listed energy and industrial group attracted project financing facilities worth 67.9 million euros from Greek financial services firm Piraeus for the development of five photovoltaic plants in Emilia Romagna, Abruzzo, Lazio, Campania, and Apulia for a total power of 71.5 MW (see here a previous post by BeBeez). The construction will end in 2025. BonelliErede assisted Metlen Energy & Metals while Dentons advised Piraeus. Studio Associato Notai Trezza-Forino acted as public notary.
Matrix Renewables, an investor in alternative energies that belongs to TPG, attracted a 40 million euros financing facility from UniCredit (see here a previous post by BeBeez). The company will invest such resources in the construction of six photovoltaic plants with a total power of 40 MW and retained Greenhorse while UniCredit hired Legance. Fitchner and Baringa acted as technical and market advisors. The plants development started in September 2024. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors TPG and its portfolio companies. 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 food company Roncadin received a 10.5 million euros financing facility from BCC Banca Iccrea, BCC Pordenonese e Monsile and BCC Financing for building a 30 million worth production plant in USA (see here a previous post by BeBeez). Simest, part of CDP, and Fondo 394 provided Roncadin with a financing facility of 8 million. Dario Roncadin is the ceo of the borrowing company. Carlo Napoleoni heads the corporate credit unit of BCC Iccrea. Vera Veri is the Simest director for direct investments.
Sources said to BeBeez that Italian cheese producer Brazzale received assistance from RPLT RP legalitax for issuing a 9 million euros bond maturing on 31 December 2030 and 18 months pre-amortising (see here a previous post by BeBeez). The sources said that the bond will pay a coupon of 3M Euribor (floor 0% and cap 2.5%) plus 400 bps. Brazzale belongs to the eponymous family and has sales of 313.4 million, an ebitda of 8.8 million and a net financial debt of 58.3 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Brazzale and its investors. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
