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Hogan Lovells advises Equita in the issuance of the €200 million notes by Newlat Food
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| 19
February
2021
19 February 2021 – International law firm Hogan Lovells have advised Equita , acting as placement agent in the issuance of €200 million senior unsecured notes of Newlat Food, a major Italian and European food company.
The bonds were offered to both private and institutional investors in Italy and Ireland and were listed on MOT, the electronic bonds market managed by Borsa Italiana as well as on the regulated market operated by Euronext Dublin. The offer period closed early due to the maximum offer amount of €200 million being reached within a few minutes of opening.
The notes were issued at 100 per cent of their nominal value - 200,000 notes each at a nominal value of EUR 1,000. The notes have an annual interest rate of 2.625% and are due in 2027.
The Hogan Lovells team advising the placement agent included counsel Annalisa Feliciani, senior associate Maria Cristina Conte (for tax issues), and associates Matteo Scuriatti and Alessandro Azzolini. They worked alongside partner Jennifer O’Connell, of counsel Andrew Carey, senior associate Tara Nestor and associate Gaspare Chirillo, all based in London