Chicago, Oct. 26 – Almaviva SpA sold €350 million 4 7/8% senior secured five-year notes (//BB) at par, according to a company announcement.
Goldman Sachs is the left bookrunner. BNP Paribas is the joint bookrunner.
The notes come with two years of call protection.
The Rome-based information technology company plans to use the proceeds to pay off its €250 million of 7¼% senior secured notes due 2022, to pay off and retire its revolving credit facility and for general corporate purposes, including potential future bolt-on acquisitions.
Almaviva also announced that it has entered into a new €70 million senior secured revolver, which will be used for general corporate purposes and working capital.
| Issuer: | Almaviva SpA
|
| Issue: | Senior secured notes
|
| Amount: | €350 million
|
| Maturity: | 2026
|
| Bookrunners: | Goldman Sachs, BNP Paribas
|
| Coupon: | 4 7/8%
|
| Price: | Par
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| Yield: | 4 7/8%
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| Call features: | Two years
|
| Trade date: | Oct. 26
|
| Settlement date: | Nov. 3
|
| Ratings: | Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
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