Milbank LLP Advised On Italmatch Chemicals S.P.A.’S High Yield Bond Offering And Refinancing

Milbank LLP Advised on Italmatch Chemicals S.p.A.’s High Yield Bond Offering and Refinancing

Milbank LLP advised the initial purchasers and lenders in connection with the offering by Italmatch Chemicals S.p.A. (a Bain Capital portfolio company) of €690 million in aggregate principal amount of senior secured notes due 2031 and the amendment, upsize and maturity extension of its existing revolving credit facility. The proceeds from the offering are expected to be used to refinance Italmatch’s existing notes due 2028 and pay costs, fees and expenses in connection with the above transactions.

Italmatch is a global and diversified specialty chemicals group, focused on the manufacturing and marketing of a broad range of specialty chemical products such as phosphorus derivatives, polymers and esters.

The Milbank LLP team was led by European Leveraged Finance/Capital Markets Rebecca Marques (Partner), and Vasujith Ram (Associate), Panos Tsezos (Associate), and Federico Costantino (Law Clerk). European Leveraged Finance/Capital Markets Alexandra Grant (Partner), and Natasha Cacela (Associate), and Tom Shurman (Associate), advised on the amendment of the revolving credit facility as well as on English law aspects of the offering, while Global Leveraged Finance Charles Stern (Partner), and Riley Ruppel (Associate) and Mo Zeighami (Associate), advised on the US finance aspects of the offering. The team also had assistance from Tax Eschi Rahimi-Laridjani (Partner), and Blake Rocks (Associate).

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.