The initial note proceeds have been used to refinance certain financial indebtedness of EidosMedia, while future taps will support the issuer's growth through acquisitions and investments.
Founded in 1999, EidosMedia is a leading supplier of cross-media publishing technology to the global news media sector. Its digital platforms are used by large news organizations in Europe, the USA and Asia-Pacific (the company has subsidiaries in the USA, UK, Germany, Australia, France and China). EidosMedia’s digital publishing solutions are also used by the investment arms of global banking organizations and ratings agencies, as well as in the logistics sector.
The Ashurst cross-border deal team was led by Milan banking partner Mario Lisanti, supported by counsel Gianluca Coggiola and associate Francesca Cioppi; Milan-based tax partner Michele Milanese advised on certain Italian tax aspects of the deal. The German team was led by Frankfurt banking partner Anne Grewlich, supported by senior associate Alexandra Heitmann, associate Emilie Veyran-Müller and transaction manager Kerstin Hartmann. New York-based banking partner Michael Neary advised on US law matters, supported by counsel Misha Daha, while Luxembourg law advice was provided by Luxembourg-based banking partner Fabien Debroise, together with associates Ludmilla Bouchez-Lecuy and Anna Kozakiewicz.
A separate Ashurst team, led by counsel Annalisa Santini, advised US Bank Trustees Limited, as security agent in respect of the notes and related security package.