Ashurst advises Pricoa on private placement of bonds issued by Ascopiave

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    The overall principal amount of the recently issued bonds is equal to Euro 25 million. The bonds have a maturity of 10 years and the relevant proceeds will be used by Ascopiave for general corporate purposes. Additional bonds may be issued under a "shelf arrangement" for a total amount (including the initial issuance) of up to USD 200 million (or the equivalent in Euro).

    Mediobanca acted as Sole Arranger, while BNY Mellon acted as settlement and paying agent. Ascopiave was advised by BonelliErede on Italian law matters, and by Cadwalader Wickersham & Taft LLP on English and US law matters.

    The Ashurst team was led by Milan banking partner Mario Lisanti. Partner Michele Milanese advised on certain Italian tax aspects. The London team was co-led by DCM partner Anna Delgado and US securities partner Jeffrey Johnson, supported by associate Ben Suthers.