Machado Meyer and TozziniFreire advise on Almaviva’s bond tap
Machado Meyer, TozziniFreire and others advised on the issuance of €350.0 million in aggregate principal amount increase (TAP) on the existing bond of Almaviva’s senior secured notes due 2030.
The original bond was issued at the end of October 2024 for a total amount of €725 million (5% coupon, minimum denomination €100,000) and was aimed at fully financing the acquisition of the US-based company Iteris, as well as the early repayment of the pre-existing bond issue of €350 million, originally maturing in 2026.
The notes were issued at an issue price of 100.000% of principal amount and will bear an interest rate of 5.00% per annum. The Issuer will pay interest on the Notes semi-annually in arrears on each of April 30 and October 30.
Machado Meyer advised Almaviva and relied on partner Paulo Markossian Nunes (pictured right) and lawyers Mario Gomez Carrera Neto, Vitor Pisarro Bradley de Araujo
Linklaters (US) also advised the same partie.
TozziniFreire advised J.P. Morgan SE, BNP Paribas, Goldman Sachs International, and UniCredit Bank GmbH and relied on partner Alexei Bonamin (pictured right) and associate Leonardo Medeiros Braghetto
Milbank (US) advised the same partie and relied on Matteo Bonacin, Luca Mirabile, Ana Grbec, Alexandra Grant, Melanie Probst.
