Several firms act on the issuance of Almaviva
Machado Meyer and Linklaters advised the issuer, TozziniFreire and Milbank acted as a special counsel to the initial purchasers, in connection with the issuance of €725.0 million in aggregate principal amount of Almaviva S.p.A.’s senior secured notes due 2030.
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, commencing on April 30, 2025.
Application has been made for the notes to be listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF market thereof. The proceeds of the offering are expected to be used to acquire 100% of the share capital of Iteris, Inc.; redeem the entire outstanding aggregate principal amount of the Issuer’s €350,000,000 4.875% Senior Secured Notes due 2026; pay fees and expenses, including redemption premiums and accrued interest; and general corporate purposes (including to fund potential future bolt-on acquisitions).
Almaviva Group is the leading Italian Group in Information & Communication Technology.
From these solid competencies, a global network was born that operates through its 44 offices in Italy and 35 abroad, with an important presence in Brazil, as well as in the USA, Saudi Arabia, Colombia, Egypt, Finland, the Dominican Republic, Spain, Tunisia and Brussels, the nerve center of the European Union.
With 45,000 people, 6,000 in Italy and 39,000 abroad, Almaviva is the 3rd largest private Italian group by number of employees in the world, with a turnover in 2023 of 1,185 million euros.
Since 2015 Almaviva has been a partner of the world’s largest corporate sustainability initiative, the UN Global Compact.
TozziniFreire Advogados was legal counsel to the initial purchasers as to Brazilian law and relied on partners Alexei Bonamin (pictured left) and Marcus Fonseca (pictured center-left), associate Leonardo Medeiros Braghetto.
Milbank advised the same partie as to United States law and relied on Giulia Petragnani Gelosi, Ana Grbec, Alexandra Grant, Melanie Probst, Raiyan Chowdhury, Federica Venegoni.
Machado Meyer was legal counsel to the Almaviva S.p.a as to Brazilian Law and relied on partners Renato Maggio (pictured center-right), Paulo Markossian Nunes (pictured right), lawyers Arthur Tomaz De Oliveira and Carlo Verri.
Linklaters advised the same partie as legal counsel to the Almaviva S.p.a as to United States law.
