Milbank LLP has advised the initial purchasers and lenders in a recent financial transaction involving Italmatch Chemicals S.p.A., a company owned by Bain Capital. The deal included the issuance of €690 million in senior secured notes due in 2031, as well as changes to Italmatch’s revolving credit facility. The proceeds from this bond offering are set to be used for refinancing existing notes that mature in 2028 and to cover associated costs, fees, and expenses.
Italmatch operates globally in the specialty chemicals sector. Its business focuses on manufacturing and marketing products such as phosphorus derivatives, polymers, and esters.
The legal team at Milbank was led by European partners and associates with support from law clerk Federico Costantino. Specific aspects of the deal were handled by European Leveraged Finance/Capital Markets partner, along with associates Natasha Cacela and Tom Shurman, who worked on amendments to the revolving credit facility and English law issues. Global Leveraged Finance partner Mo Zeighami and other associates provided guidance on U.S. finance matters related to the offering.