Milbank LLP has advised BNP Paribas, HSBC Bank plc, KKR Capital Markets Limited and Unione di Banche Italiane S.p.A. as Initial Purchasers in connection with the issuance of €455 million Senior Secured Floating Rate Notes due 2024 by Fabric (BC) S.p.A.
The proceeds of the bond issuance were used to repay amounts outstanding under the bridge facility used to fund the acquisition by Bain Capital of Fedrigoni S.p.A. Milbank also advised the Initial Purchasers on the bridge facility. Fedrigoni is a leading European manufacturer and distributor of specialty paper, self-adhesive products and security products.
The Milbank team was led by London Capital Markets partners Rebecca Marques and Apostolos Gkoutzinis, with associates Azzurra Camillieri and Kenneth Ryan, and London Leveraged Finance partner Alexandra Grant, with associates Misa Schmiederova, Lauren Stacey and Georgina Wolf. The team also included New York Tax partner Eschi Rahimi-Laridjani and associate Jules Mugema.
