Paul, Weiss advised leading private equity firm Bain Capital and its affiliate Castello (BC) Bidco S.p.A. on the U.S. and English law aspects of Castello’s debut issuance of €550 million senior secured floating rate notes due 2031, and its entry into a new €100 million revolving credit facility.

Under the terms of the transactions, €350 million in proceeds from the notes was used in connection with Bain’s acquisition of SO.MA.CI.S. S.p.A, a leading global manufacturer of high complexity printed circuit boards. Another €200 million in proceeds from the notes was deposited into escrow pending completion of an acquisition by SO.MA.CI.S. The notes were issued pursuant to Rule 144A and Regulation S under the U.S. Securities Act and listed on the Luxembourg Stock Exchange’s Euro MTF market.

The Paul, Weiss team was led by corporate partners Matthew Merkle, Kanesh Balasubramaniam, Deirdre Jones, Nicolò Ascione and Neel Sachdev; and tax partner Timothy Lowe, counsel Samir Kurani and Patrick Karsnitz.