Asset management company focused on non-performing exposures AMCO issued a Luxembourg-listed senior unsecured bond of 750 million euros due to mature on 20 April 2028 with a 0.75% coupon and placed below par at a 99.303 price (See here a previous post by BeBeez). This issuance is part of a Euro Medium Term Note Programme of AMCO for institutional investors. The programme received a rating of BBB from Standard & Poor’s and of BBB- from Fitch.
On 20 May, Thursday, BeBeez will be the media partner for NPL Italy, the fourth international online summit of SmithNovak about the Italian NPE market (see here a previous post by BeBeez). More than 250 delegates and above 100 global firms will attend the event that will have more than 35 speakers. See here the BeBeez Insight View on the sector that is available to the subscribers of BeBeez News Premium.
Milan-listed paytech Nexi, where private equity funds Advent International, Bain Capital and Clessidra still own a 19,976% stake, said it will issue Luxembourg listed bonds for 2.1 billion euros maturing in 2026 and 2029 for refinancing debt of both Italy’s group SIA and Denmark-based group Nets that Nexi is merging with (see here a previous post by BeBeez). Nexi previously issued senior unsecured equity-linked bonds worth one billion maturing in 2028. Nexi has a turnover of 1.044 billion, an ebitda of 601.4 million and a net financial debt of 2.133 billion. We recall that the new Nexi group resulting from the two mergers will be owned by Cassa Depositi e Prestiti (former major shareholder in SIA, 17%), Hellman & Friedman (former major Nets shareholder, 16%), Advent International and Bain Capital (former shareholders both in Nets and in Nexi, 10%), Mercury UK (the investment veichle of Advent, Bain Capital and Clessidra owning their stake in Nexi, al 10%), Intesa Sanpaolo (former shareholder of Nexi, 5%) e GIC, fondo sovrano di Singapore (former shareholder in Nets, 3%) with a 38% floating capital.
Italpizza, an Italian producer of frozen pizza, issued a six-years minibond of 20 million euros that Unicredit subscribed and for which Sace provided a 70% warranty (see here a previous post by BeBeez). The amortising plan is ad hoc and consistent with the company’s needs. The company will invest such proceeds in its foreign expansion. Italpizza generates abroat 60% of its 170 million turnover. Sign up here for BeBeez Newsletter about Private Debt and receive all the last 24 hours updates for the sector.
Fileni Alimentare, an Italian food company, received from Gruppo Montepaschi a reverse factoring facility of up to 35 million euros that will finance the firm’s production chain (see here a previous post by BeBeez). Fileni Alimentare has sales of 426.2 million, an ebitda of 27 million and a net financial debt of 78.4 million.