Linklaters advises on Nexture’s debut high yield offering

Linklaters has advised the pool of banks in the debut offering by Nexture of senior secured floating rate notes, totalling €425m, as well as the entry into a new €80m revolving credit facility. The proceeds of the offering will be used to repay certain outstanding indebtedness, fund a distribution to the shareholders and for general corporate purposes.

Nexture (Investindustrial) is a leading international platform active in the food ingredients market, resulting from the milestone combination of the industrial and technological expertise of CSM Ingredients Group and Italcanditi Group.

The Linklaters high yield team was led by partner Giacomo Reali and included US associates Kimberly Martin and Filippo Turci.

The Linklaters banking team was led by London partner Angus Graham, together with Milan partner Ettore Consalvi and Milan counsel Marco Carrieri, supported by managing associates Filippo Azzano and associates Vivien Ding and Maya Mankanda. The team was also supported on Italian capital markets’ aspects by Milan partners Ugo Orsini.

A cross-border tax team, coordinated by partners Roberto Egori and Michelle Lo, alongside counsel Fabio Balza, and associate Matteo Feliziani advised on Italian and US tax matters. Advice was also provided by teams in Luxembourg and Germany as to matters of banking law.