Milbank LLP represented the initial purchasers in connection with the offering by Bending Spoons of $1.25 billion senior secured notes due 2032 and €500 million senior secured notes due 2032. The US-dollar-denominated notes are issued by Bending Spoons US Inc., while the euro-denominated notes are issued by Bending Spoons Operations S.p.A.
The net proceeds from the offering are intended to fund future acquisitions, to pay costs, fees, expenses, and taxes in connection with the offerings, and for other general corporate purposes.
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 Airtable, AOL, Brightcove, Eventbrite, Evernote, Miro, Tractive, Vimeo and WeTransfer.
The Milbank team was led by European Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis and Ana Grbec, and associates Lefteris Dafermos and Daniele Casa. Advice was also provided on English finance matters by European Leveraged Finance/Capital Markets partner Barbara Mayer-Trautmann and associate Giulia Petragnani Gelosi. The team was assisted by Tax partner Eschi Rahimi-Laridjani and associate Erika Jensen. European Leveraged Finance/Capital Markets associates Alejandro J. García Morales, Aryan Agrawal and Capucine Cusin also assisted on the matter.
