Italy’s Moby on roadshow for €300 million seven-year secured notes

By Paul A. Harris

Portland, Ore., Feb. 1 – Onorato Armatori SpA, the holding company for Italian ferry boat operator Moby SpA, began a roadshow on Monday for a €300 million offering of seven-year senior secured notes (Ba2/expected BB-), market sources said.

The roadshow wraps up on Thursday, and the Rule 144A and Regulation S deal is set to price thereafter.

Goldman Sachs, JPMorgan and UniCredit are the joint physical bookrunners. Banca IMI, Banca Akros, Jefferies, Gruppo Bipiemme and Banca Popolare di Milano are the joint bookrunners.

The Milan-based company plans to use the proceeds to refinance debt.

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