White & Case advises Zenita Group on €375 million senior secured bond issuance

Global law firm White & Case LLP has advised Maticmind S.p.A. (Zenita Group), a European company active in the Italian ICT sector, on the issuance of a €375 million senior secured bond due 2032 at a floating rate equal to three-month EURIBOR plus 5.25% per annum, reset quarterly.

The proceeds from the offering will be used by the company for general corporate purposes and to support its growth and operational needs. The notes, offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act, have been admitted to listing on the Euro MTF market organised and managed by the Luxembourg Stock Exchange.

Italy-headquartered Zenita Group is a leading system integrator and ICT service provider, offering advanced technological solutions including networking, cybersecurity, cloud services, data centers, enterprise applications and IoT. It serves both public and private clients and provides integrated, innovative solutions to support digital transformation initiatives.

The White & Case team which advised on the transaction’s capital markets aspects was led by partners Michael Immordino (London & Milan), James Greene (London) and Evgeny Scirtò Ostrovskiy (Milan & London) and included associates Pietro Bancalari (London & Milan) and Diala Kakish (London) and lawyers Noemi Stimamiglio and Aurora Zamagni (both Milan). The team which advised on the transaction’s debt finance aspects included partner Martin Forbes (London) and associates Ben Morrison and Vic Sohal (both London). Counsel Tommaso Tosi (Milan) advised on FDI matters and partner Neil Clausen (Houston) and associate Avery Lewis (Houston) advised on US tax matters.

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