Global law firm White & Case LLP has advised CVC Capital Partners on a €1.3 billion high yield bond issuance related to the proposed acquisition of FIMEI S.p.A., which owns 51.8 percent of the outstanding share capital of Recordati S.p.A.

The senior secured notes have been issued by Rossini S.à.r.l. in two tranches: €650 million 6.750% fixed rate notes due 2025, and €650 million floating rates notes due 2025 – three-month EURIBOR with 0% floor, plus a margin of 6.250%. 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 US, English and Italian law aspects of the transaction comprised partners Michael Immordino (London & Milan), Tommaso Tosi, Iacopo Canino (both Milan) and James Greene (London), associates Robert Becker, Silvia Pasqualini and Bart Galvin and lawyers Alessandro Piga and Charles English (all Milan).