Milbank Advises Initial Purchasers on Issuance of €410M Senior Secured Floating Rates Notes by Fire (BC) S.p.A.

Milbank LLP has advised Goldman Sachs International, BNP Paribas, Citigroup Global Markets Limited and Crédit Agricole Corporate and Investment Bank as initial purchasers in connection with the offering of €410 million aggregate principal amount of Senior Secured Floating Rates Notes due 2024 by Fire (BC) S.p.A.

The gross proceeds from the offering will be deposited into a segregated escrow account. Upon release from escrow, the gross proceeds from the offering will be used, among other things, to fund part of the purchase price for the acquisition of Italmatch S.p.A. and to repay Italmatch S.p.A.’s debt under its existing senior facilities.

Italmatch S.p.A. is a global and diversified specialty chemicals group, focused on the manufacturing and marketing of a broad range of specialty chemical products such as phosphorus derivatives, polymers and esters.

The Milbank team was led by London Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis, Suhrud Mehta and Alexandra Grant, with special counsel Ana Grbec and associates Melanie Probst, Andrew Bechtel, Joseph Richmond, David Waserstein, Tom Neilson and Anastasia Kontaxi. The team also included New York Tax partner Andrew Walker and associate Archan Hazra, New York Environmental partner Matthew Ahrens and Washington, DC associates Lafayette Greenfield and Bijan Ganji.