Milbank LLP represented the lenders in connection with a new €500 million SACE-backed term loan facility made available to Bending Spoons by HSBC Continental Europe (acting as sole coordinator and MLA) Intesa Sanpaolo S.p.A. (acting as SACE agent and MLA), and BPER Banca Corporate & Investment Banking (acting as Structuring Advisor and MLA). The facility, which matures in March 2031, benefits from a guarantee provided by SACE in advancement of SACE’s mission to support the international growth of Italian businesses.
Bending Spoons is a leading technology company that acquires digital businesses, implements deep transformations and ongoing optimizations to sustainably expand earnings, and reinvests in additional acquisitions, thereby continuing the compounding cycle. Bending Spoons’ main businesses include AOL, Brightcove, Eventbrite, Evernote, Harvest, komoot, Remini, StreamYard, Vimeo and WeTransfer. In March 2026, the company served over 500 million monthly active users and more than nine million monthly paying customers.
SACE is Italy’s Export Credit Agency, wholly owned by the Ministry of Economy and Finance. It specializes in supporting the growth of Italian companies through a wide range of instruments and solutions to foster exports and competitiveness, including risk management and protection, financial guarantees, factoring, advisory services and business matching.
The Milbank team was led by European Leveraged Finance/Capital Markets partners Barbara Mayer-Trautmann and Ana Grbec with associate Giulia Petragnani Gelosi.
