Global law firm White & Case LLP has advised Kedrion S.p.A., as offeror, on the partial repurchase of its notes by means of a cash tender offer for a total aggregate principal amount equal to approximately €151 million.
Banca IMI S.p.A., Mediobanca – Banca di Credito Finanziario S.p.A. and Natixis acted as Joint Dealer Managers and Joint Structuring Advisors on the transaction, the aim of which is the optimization of Kedrion S.p.A.'s financial structure.
The notes purchase price has been funded through a revolving facility agreement entered into by Kedrion as borrower, with Intesa Sanpaolo S.p.A., Mediobanca - Banca di Credito Finanziario S.p.A. and Natixis acting as lenders, Banca IMI S.p.A., Mediobanca - Banca di Credito Finanziario S.p.A. and Natixis acting as bookrunners and mandated lead arrangers, and Mediobanca – Banca di Credito Finanziario S.p.A. acting as agent.
The White & Case team that advised on the transaction included partners Michael Immordino (Milan & London), Paola Leocani and Nicholas Lasagna, local partner Paul Alexander and associates Silvia Pasqualini and Louise Ruggiero (all Milan).
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