Webuild plans euro-denominated sustainability notes due July 2026

By Rebecca Melvin

Concord, N.H., Jan. 19 – Webuild SpA plans to price a benchmark-sized issue of euro-denominated sustainability-linked notes due July 28, 2026 (BB-/BB), according to a notice.

The notes are being sold under Regulation S, with IMI-Intesa Sanpaolo as stabilizing manager.

Webuild intends to use the proceeds to refinance existing debt, mainly maturing in 2022, and for general corporate purposes.

The new capital structure would have an average remaining term of about four years.

The construction and engineering business is based in Milan, Italy.

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