White & Case Advises on €650 Million High Yield Bond Issuance by Rossini S.a r.l.

Global law firm White & Case LLP has advised Rossini S.à r.l. (Rossini) on a €650 million high yield bond issuance. 

The proceeds of the issuance of the senior secured floating rates notes due 2025 (three-month EURIBOR, with 0% floor, plus a 3.875% margin) are being used to refinance the €650 million of senior secured floating notes issued in October 2018 in connection with Rossini's acquisition of an indirect majority stake in Recordati S.p.A. Rossini is owned by an investment consortium led by CVC Fund VII.

The notes have been offered and sold pursuant to Rule 144A and Regulation S under the Securities Act and listed on the Luxembourg Stock Exchange. 

The White & Case team which advised on the transaction comprised partners Michael Immordino (London and Milan) and James Greene (London) and associates Robert Becker and Silvia Pasqualini (both Milan), Callie Wallace and Ben Morrison (both London), Aurélie Terlinden (Brussels) and lawyer Yvette Costa (Milan).

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