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White & Case Advises doValue on €265 Million Senior Secured Notes Issuance

Global law firm White & Case LLP has advised doValue S.p.A. on a €265 million senior secured notes issuance for the prepayment in full of the outstanding €265 million senior secured bridge facility loan granted to doValue S.p.A. on June 3, 2020.

The secured bridge facility relates to the acquisition of 80 percent of the share capital in Greek loan servicing company Eurobank FPS Loans and Credits Claim Management Company S.A., which subsequently changed its corporate name to doValue Greece Loans and Credits Claim Management Société Anonyme.

The senior secured notes have been issued by doValue S.p.A. at a fixed rate of 5.00% per annum and an issue price of 98.913%. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and the notes have been listed on the Luxembourg Stock Exchange.

The transaction also required making certain amendments to doValue's existing €415 million senior secured facilities agreement in order to permit the completion of the acquisition and the incurrence of the additional financial indebtedness under the senior secured notes.

The White & Case team which advised on the transaction comprised partners Michael Immordino (London & Milan), Gilles Teerlinck (London), Alessandro Nolet (Milan) and Fernando Navarro (Madrid), associates Robert Becker, Stefano Bellani, John Sanders (all Milan), Julio Peralta and Reyes Carvajal (both Madrid), and lawyers Olga Primiani, Riccardo Viel, Angelo Salis, Francesco Mozzone (all Milan).

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