Cravath represented the initial purchasers, Deutsche Bank, UniCredit Bank, Goldman Sachs International and BNP Paribas, in connection with the EU570 million 144A/Reg. S high-yield senior secured fixed and floating rate debt offering of SNAI S.p.A., a leader in the Italian gaming and betting market. The notes are listed on the Luxembourg Stock Exchange. The transaction closed on November 7, 2016.

The Cravath team included partner Philip J. Boeckman and associates Paolo Bernasconi, Giorgio Ignazzi and Maurio A. Fiore.