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Sources said to BeBeez that on 1 September, Monday, the directors of Sammontana Italia, an Italian food producer that belongs to the Bagnoli Family and Investindustrial, held a meeting in Milan at Public Notary Marchetti bureau and decided to issue a senior secured bond of up to 135 million euros that will add to the floating rate item of 800 million maturing in 2031 (see here a previous post by BeBeez). The new Luxembourg-listed issuance is compliant with Rule 144A of US Securities Act Regulation S. Chiomenti and Paul, Weiss, Rifkind, Wharton & Garrison advised Sammontana Italia and Investindustrial. PedersoliGattai and Cravath, Swaine & Moore assisted the initial purchasers that BNP Paribas led and other lenders that provided a further 30 million revolving credit line. The sources added that BNP Paribas acted as sole manager during the stabilisation period and coordinated Banca IMI, UniCredit, Natixis, Rabobank, Banc Akros, BPER, Deutsche Bank, and Goldman Sachs. 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
Arpinge, an investor in infrastructures and renewable energies, attracted a project financing facility of 80 million euros from UniCredit (75 million) and Banca Ifigest (5 million) for the development of 4 biomethane plants (see here a previous post by BeBeez). Federico Merola is the ceo of Arpinge, an investment company of pension funds Inarcassa, Cassa Geometri and EPPI. Roberto Fiorini is Unicredit’s regional manager for central Italy. Massimo Pecorari is the ceo of Banca Ifigest.
CEME, an Italian producer of industrial components that belongs to Investindustrial, extended by a further 75 million euros the issuance of the secured senior bond maturing in 2031 that placed in 2024 for 360 million (see here a previous post by BeBeez). Goldman Sachs International subscribed the new Rule 144A compliant bonds that pay a coupon of 3M Euribor (0% floor) plus 450 bps. CEME also increased by a further 15 million a revolving credit line that now amounts to 82.5 million. Chiomenti and Paul, Weiss, Rifkind, Wharton & Garrison assisted the company. White & Case advised the initial purchasers and the lenders. 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
Milan listed First Capital said it will pay a 1,75 Euros per share extraordinary dividend linked to the successful conversion of the bond First Capital cv 2019-2026 3.75% that decided to reimburse earlier on 11 November, Tuesday (see here a previous post by BeBeez). 2025 (si veda qui il comunicato stampa). Bondholders will have the opportunity to convert the bonds into shares from 16 to 30 October 2025, Thursday, with an exchange ratio of 104 shares per bond and a unit conversion price of 19.23 euros per share. There is also a conversion premium of 5% of the nominal value, i.e. 100 euros per bond, plus payment of the accrued coupon of 67,4 euros. For those who do not exercise the conversion right, early redemption will be at par plus accrued interest until 11 November (69.86 euros per bond). There are 8,977 convertible bonds still outstanding, with a nominal value of almost 18 million euros. Stefano Di Meo is the coo of First Capital. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors First Capital 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
Héra Partecipazioni One, an investor in real estate NPEs, repaid earlier than scheduled the Vienna-listed bond of 20 million euros that issued in September 2022 supposed to mature in December 2025 (see here a previous post by BeBeez). Oscar Pittini is the chairman of Héra Partecipazioni One that retained Gianni & Origoni for working on the issuance of a 300 million bond for financing new projects.
Italian coffee producer Kimbo received a 5 million euros financing with a five-year tenure from Mediocredito Centrale and BdM Banca (see here a previous post by BeBeez). The company will invest such proceeds in its international growth.
Nord Fluid, a distributor of industrial components, issued a 72-months minibond of 2 million euros that Banca Valsabbina structured and acquired (see here a previous post by BeBeez). Dwf acted as deal advisor. Daniele Brambilla and Alberto Carlo Magrì are the ceo and the cfo of Nord Fluid. Hermes Bianchetti is the deputy coo of Banca Valsabbina. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Banca Valsabbina and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
