Milbank, Tweed, Hadley & McCloy 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 €125 million Senior Secured Floating Rate Notes due 2024 by Fabric (BC) S.p.A. under its existing indenture.
The proceeds of the bond issuance were used to repay amounts outstanding under the bridge facility used to fund the acquisition by Fedrigoni of Gruppo Cordenons S.p.A. Milbank also advised the Initial Purchasers on the bridge facility. Gruppo Cordenons is a leading international manufacturer of high-end specialty papers for luxury packaging and premium publishing applications.
The Milbank team was led by London Capital Markets partners Rebecca Marques and Apostolos Gkoutzinis, with associate Kenneth Ryan, and London Leveraged Finance partner Alexandra Grant, with associates Misa Schmiederova and Georgina Wolf. The team also included New York Tax partner Eschi Rahimi-Laridjani and associate Jules Mugema.