Sammontana Italia S.p.A.’s High‑Yield Senior Secured Floating Rate Notes Offering

Cravath represented the initial purchasers in connection with the €800 million 144A/Reg. S high-yield senior secured floating rate notes offering of Sammontana Italia S.p.A., a leading company in the Italian frozen bakery and ice cream markets. Proceeds of the offering will be used to refinance the indebtedness under a bridge facility agreement to fund the acquisition of Forno d' Asolo S.p.A. by the issuer. The transaction closed on October 11, 2024.

The Cravath team included partner Philip J. Boeckman, European counsel Margaret R. M. Rallings and associates Luke A. Martin, Phillip Hyun Suk Kwon and Bianca Urbani.