Linklaters advises on Fassi (Investindustrial)’s debut high-yield offering

Press Contact 

Helen Smith
Communications and Corporate Affairs Lead 
+44 207456 4440
helen.smith@linklaters.com

A cross-border Linklaters team in London and Milan has advised the pool of banks on the debut offering by Fassi of senior secured floating rate notes, totalling €450m, as well as the entry into a new revolving credit facility. The proceeds of the offering, following release from escrow, will be used to fund a distribution to the parent entities, repay existing acquisition indebtedness and for general corporate purposes.

Fassi Gru (Investindustrial) is an international leader in vertical lifting solutions, specializing in the design, engineering, manufacturing and distribution of highly engineered lifting, handling and access solutions.

The Linklaters high yield team was led by partner Giacomo Reali and included US associates Kimberly Martin and Francesca Sebastiani and junior associate Thomas Alves Perreira.

The team was also supported as to matters of banking law by London partner Angus Graham, together with Milan counsel Marco Carrieri, supported by managing associates Maria Chiara De Biasio and associates Alice de Vita and Riccardo Sirchia.

A cross-border tax team, coordinated by partners Roberto Egori, alongside counsel Fabio Balza and Omer Harel, and associates Matteo Feliziani, Eugenia Severino and Young Jin Kim advised on Italian and US tax matters. Advice was also provided by teams in Luxembourg as to matters of banking law.