By Rebecca Melvin
Concord, N.H., Oct. 22 – Paganini BidCo SpA priced €765 million seven-year floating-rate notes at 99.75 to yield Euribor plus 425 basis points (B), according to a regulatory notice on Friday.
The notes are non-callable for one year.
BofA Securities Europe SA was manager of the Regulation S deal.
Paganini, an Italian higher education services company, will reverse merge with Multiversity srl, the owner of an Italian online university.
| Issuer: | Paganini BidCo SpA
|
| Securities: | Floating-rate notes
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| Amount: | €765 million
|
| Maturity: | 2028
|
| Manager: | BofA Securities Europe SA
|
| Price: | 99.75
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| Yield: | Euribor plus 425 bps
|
| Call protection: | One year
|
| Announcement date: | Oct. 22
|
| Rating: | S&P: B
|
| Distribution: | Regulation S
|
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