Italy’s Salini announces €200 million minimum new notes coming with exchange offer

By Paul A. Harris

Portland, Ore., June 10 – Salini Impregilo SpA announced Friday that it plans to price €200 million minimum of new notes, with an expected five-year maturity, at par.

The new notes, which are to be announced no later than June 17, were disclosed in an exchange offer for €400 million of Salini's 6 1/8% notes due Aug. 1, 2018.

Banca IMI SpA, BNP Paribas, Goldman Sachs International, Natixis and UniCredit Bank AG are the dealer managers for the exchange offer, which expires on June 21.

Salini is a Milan-based industrial group specializing in construction and civil engineering.

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