Rebecca Marques

Milbank LLP represented the initial purchasers in connection with the offering of €550 million senior secured floating rate notes due 2031 by Castello (BC) Bidco S.p.A. (the “Offering”) for purposes of financing (i) Bain Capital’s acquisition of SO.MA.CI.S. S.p.A. (“Somacis”) and (ii) Somacis’ acquisition of AT&S Korea CO., LTD. (“AT&S Korea”). Milbank LLP also represented the lenders on a €100 million super senior revolving credit facility. The initial purchasers included Morgan Stanley & Co. International plc, BofA Securities Europe SA, Crédit Agricole Corporate and Investment Bank, Nomura Financial Products Europe GmbH and UBS Europe SE. The gross proceeds from the Offering will be used, together with other funding, directly or indirectly, (i) to fund the payment of the purchase price for the acquisition by Castello (BC) Bidco S.p.A. of Somacis, (ii) to provide a loan to Somacis to fund the repayment of Somacis debt, (iii) to provide a loan to Somacis to fund the payment of the purchase price for the acquisition of AT&S Korea, (iv) for general corporate purposes and (v) to pay fees and expenses in connection with the aforementioned transactions. Founded in 1972 in Castelfidardo (Ancona, Italy), Somacis is a global manufacturer and a European leader in high-complexity printed circuit boards. Its products are primarily targeted at the MedTech and Aerospace & Defense sectors, with the remainder serving high-specification applications across Datacom/AI, Automotive and Industrial Technologies, including semiconductor testing. Somacis is expected to acquire AT&S Korea by April 30, 2025. AT&S Korea specializes in delivering high-quality, customized solutions to a strong MedTech customer base. Its product portfolio includes hearing aids, bionic implants, medical wearables and other advanced medical applications. The Milbank team was led by European Leveraged Finance/Capital Markets partners Rebecca Marques, Suhrud Mehta, Laura Bonamis; associates Tom Neilson, Stefanos Serfas, Alexandros Makris, Katherine Williams, Raiyan Chowdhury and Facundo Gonzalez Bustamante, Banking and Leveraged Finance, Capital Markets Attorney, London. The team also included New York Tax partners Eschi Laridjani-Rahimi and Craig Cohen and associate Seth Moreida.

Dec 2

1 min

Milbank LLP advised Matterhorn Telecom S.A. (the “Company”), the parent company of Salt Mobile SA (“Salt”), on an offering of CHF 100 million aggregate principal amount of its 5.250% senior secured notes due 2028 as additional notes under its existing indenture through a private placement (the “Private Placement”). The proceeds from the Private Placement will be used to (i) refinance a portion of the Company’s existing indebtedness on or prior to its maturity, and (ii) pay certain fees and expenses relating to the Private Placement. Salt is a leading Swiss telecommunications provider. The Milbank team was led by Corporate Finance and Securities partner Rebecca Marques and associates Kristian Sutt and Manel Mostefaoui. The team also included London Tax partner Alan Rafferty and associate Freddy Pilkington.

Jun 10

1 min

Milbank LLP represented the initial purchasers and lenders in connection with the offering by Flos B&B Italia S.p.A.’s (previously International Design Group S.p.A.) of €550 million in aggregate principal amount of senior secured floating rate notes due 2029 and a €5 million upsize of its existing revolving credit facility. The proceeds from the offering are expected to be used to refinance Flos B&B Italia’s €470 million senior secured floating rate notes due 2026, partially redeem Flos B&B Italia’s €425 million senior secured notes due 2028, for general corporate purposes and to pay related costs and expenses. Flos B&B Italia is a global leader in high-end design, designing, producing, distributing and selling luxury lighting and furniture products. Flos B&B Italia is jointly owned by the global investment firms Investindustrial and Carlyle. The Milbank team was led by European Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis and Rebecca Marques, special counsel Tristram Gargent and associates Stefanos Serfas, Panos Tsezos, Matteo Bonacina, Simeon-Henri de Vries and Alex Korogiannakis. The team also had assistance from Tax partner Andrew Walker and associate Michelle Song.

Dec 18

1 min

Milbank LLP represented the initial purchasers and lenders in connection with the offering by Italmatch Chemicals S.p.A. (a Bain Capital portfolio company) of €690 million in aggregate principal amount of senior secured notes due 2031 and the amendment, upsize and maturity extension of its existing revolving credit facility. The proceeds from the offering are expected to be used to refinance Italmatch’s existing notes due 2028 and pay costs, fees and expenses in connection with the above transactions. Italmatch 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 European Leveraged Finance/Capital Markets partner Rebecca Marques, and associates Vasujith Ram, Panos Tsezos and law clerk Federico Costantino. European Leveraged Finance/Capital Markets partner Alexandra Grant, and associates Natasha Cacela and Tom Shurman advised on the amendment of the revolving credit facility as well as on English law aspects of the offering, while Global Leveraged Finance partner Charles Stern and associates Riley Ruppel and Mo Zeighami advised on the US finance aspects of the offering. The team also had assistance from Tax Partner Eschi Rahimi-Laridjani and associate Blake Rocks.

Feb 13

1 min

Milbank LLP advised eir on the offering of €300 million 5¾% senior secured notes due 2029 and the repricing of its existing term loan B facility. The proceeds of the offering of notes will be used (i) to prepay a portion of the amounts drawn under existing senior secured term loan facility B maturing in May 2026 (ii) to partially redeem eir’s 1.75% senior secured notes due 2024 (iii) for general corporate purposes and (iv) for payment of fees and expenses. eir is the principal provider of fixed line telecommunications and the third largest provider of mobile telecommunications in Ireland. The Milbank team was led by European Leveraged Finance/Capital Markets partners Rebecca Marques and Sarbajeet Nag and associates Vasujith Ram, Pranahita Srinivas, Andrew Mavers, Harshavardhan Sunder and trainee solicitor Beth Constance. The team was also assisted by New York Leveraged Finance partner Michael Bellucci and associate Sean McMillon.

Jul 2

1 min