PedersoliGattai advised, in relation to Italian law aspects, BNP Paribas, BPER Banca SpA, Intesa Sanpaolo SpA, Mizuho Securities Europe GmbH, Banca Monte dei Paschi di Siena SpA, Morgan Stanley & Co. International plc, Nomura, Banco Santander, SA and UniCredit SpA (the “Bookrunners”) in the context of the issue of a €300 million holdco pay-if-you-can toggle bond, the first of its kind in the Italian market, by Fiber Midco SpA and the issue of a €430 million fixed-rate high-yield bond by Fiber Bidco SpA, parent company of Fedrigoni Group, a company owned by private equity funds Bain Capital Private Equity and BC Partners.

The new bonds were issued in the context of a refinancing transaction of the group, including the repayment of debt arising from the fixed-rate bonds previously issued by F Fiber Bidco SpA.

PedersoliGattai advised the Bookrunners with a team composed of Gaetano Carrello (partner), Federico Tropeano (counsel), Piero Piccolo, Davide Stracquadanio and Virginia Crugnola (associates). Tax aspects were managed by Cristiano Garbarini (partner) and Valentina Buzzi (counsel).