White & Case Closes €4 Billion Deal Quartet to Finance Atlantia, C.M.C. di Ravenna, Intesa Sanpaolo and Kedrion | White & Case LLP International Law Firm, Global Law Practice
White & Case Closes €4 Billion Deal Quartet to Finance Atlantia, C.M.C. di Ravenna, Intesa Sanpaolo and Kedrion

White & Case Closes €4 Billion Deal Quartet to Finance Atlantia, C.M.C. di Ravenna, Intesa Sanpaolo and Kedrion

Global law firm White & Case LLP has advised on four Italian deals to finance Atlantia, C.M.C. di Ravenna, Intesa Sanpaolo and Kedrion with a total value of more than €4 billion.

ATLANTIA'S €1 BILLION NOTES ISSUANCE

White & Case advised Atlantia S.p.A. on the issuance of €1 billion 1.875 percent notes due 2027 under its €3 billion Euro Medium Term Note Programme. The notes have been listed on the regulated market of the Irish Stock Exchange. The Firm's deal team was led by partners Michael Immordino (Milan & London) and Ferigo Foscari (Milan) and local partner Paul Alexander (Milan), together with associates Louise Ruggiero and Davide Diverio (both Milan).

C.M.C. DI RAVENNA €250 MILLION HIGH YIELD BOND ISSUANCE

White & Case advised BNP Paribas, UniCredit Bank, Banka Akros - Gruppo Banco BPM and Banca IMI, as Initial Purchasers, on US federal, NY State and Italian law aspects of the issuance of €250 million 6.875 percent senior notes due 2022 by Cooperativa Muratori & Cementisti - C.M.C. di Ravenna Società Cooperativa, issued pursuant to Rule 144A and Regulation S under the Securities Act. The Firm's deal team was led by partners Michael Immordino (London & Milan), Iacopo Canino (Milan) and Rob Mathews (London) together with associates Robert Becker, Fabrizia Faggiano, Olga Primiani (all Milan), James Greene and Brian Dearing (both London).

INTESA SANPAOLO'S US$2.5 BILLION SENIOR NOTES ISSUANCE

White & Case advised Intesa Sanpaolo S.p.A. on two senior bonds issuances each of US$1.25 under its US$50 billion Medium Term Note Programme. The issuances, targeted at the US market, are of 3.125 percent notes due 2022 and 3.875 percent notes due 2027 and are exempt from registration under Rule 144A of the US Securities Act. The Firm's deal team was led by partners Michael Immordino (Milan & London) and Ferigo Foscari (Milan) together with associates Robert Becker, Angelo Messore and Davide Diverio and lawyer Marco Sportelli (all Milan).

KEDRION'S €350 MILLION NOTES ISSUANCE AND €90 MILLION REPURCHASE VIA TENDER OFFER

White & Case advised Kedrion S.p.A. on both English and Italian law aspects of the repurchase by means of a cash tender offer of €90 million of its outstanding 4.625 percent notes due 2019 (the 2019 Notes) and the issuance of €350 million three percent notes due 2022 (the 2022 Notes). Both the 2019 Notes, which remain outstanding for approximately €60 million, and the 2022 Notes are listed on the Regulated Market of the Irish Stock Exchange. The Firm's deal team was led by partners Michael Immordino (Milan & London) and Ferigo Foscari and local partner Paul Alexander (Milan), together with associates Davide Diverio, Luca Bella and lawyers Luca Silviani and Charles English (all Milan).

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