By Rebecca Melvin
New York, Dec. 11 – Sofima Holding SpA priced €830 million of seven-year non-call two-year senior secured notes and €450 million of seven-year non-call one-year senior secured notes (B2/B), according to a London Stock Exchange notice.
The notes that are non-callable for two years priced at par. This series was initially expected to be €800 million in size.
The notes that are non-callable for one year priced at 99.75.
J.P. Morgan Securities plc, BNP Paribas, UniCredit Bank, Mediobanca, Morgan Stanley, Credit Agricole CIB, Mizuho Securities and NatWest Markets are managers for the Rule 144A and Regulation S offering.
Sofima is a Bologna, Italy-based subsidiary of I.M.A. – Industria Macchine Automatiche SpA, which designs and manufactures automatic machines for processing and packaging pharmaceuticals, cosmetics and food.
| Issuer: | Sofima Holding SpA
|
| Issue: | Senior secured notes
|
| Amount: | €1.28 billion
|
| Maturity: | Seven years
|
| Bookrunners: | J.P. Morgan Securities plc, BNP Paribas, UniCredit Bank, Mediobanca, Morgan Stanley, Credit Agricole CIB, Mizuho Securities and NatWest Markets
|
| Pricing date: | Dec. 11
|
| Ratings: | Moody’s: B2
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| S&P: B
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Non-call two year
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| Amount: | €830 million
|
| Price: | Par
|
| Calls: | Non-callable for two years
|
|
|
| Non-call one year
|
| Amount: | €450 million
|
| Price: | 99.75
|
|
|
| Calls: | Non-callable for one year
|
|
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