IFLR1000

SNAI €570 million bond loan

8/11/2016
Investment grade bond/note issue
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€ 570 million

Completed

8/11/2016

Overview:

  • SNAI has issued €570 million in new bonds.
  • The issue has two tranches, both maturing in 2021, one with a fixed rate and one with a floating rate, on the Borsa Italiana.
  • Deutsche Bank UniCredit, Goldman Sachs and BNP Paribas acted as joint global coordinators and joint bookrunners.
  • The funds raised will be used to repay existing bonds.
  • SNAI is an Italian betting company.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Gaming

Firms:
Cravath Swaine & Moore

Party: Deutsche Bank AG Na ON (Global coordinator, Bookrunner)

Party: Unicredit (Global coordinator, Bookrunner)

Party: Goldman Sachs (Global coordinator, Bookrunner)

Party: BNP Paribas (Global coordinator, Bookrunner)

Lawyer: Philip Boeckman

Latham & Watkins

Party: SNAI (Issuer)

Lawyers: Antonio Coletti, Jayanthi Sadanandan, Jeffrey Lawlis, Jeffrey Lawlis, Marcello Bragliani, Ryan Benedict

Linklaters

Party: Deutsche Bank AG Na ON (Global coordinator, Bookrunner)

Party: Unicredit (Global coordinator, Bookrunner)

Party: Goldman Sachs (Global coordinator, Bookrunner)

Party: BNP Paribas (Global coordinator, Bookrunner)

Lawyer: Andrea Arosio

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