Global law firm White & Case LLP has advised Esselunga S.p.A. on its debut €1 billion Eurobond issuance in two tranches to institutional investors.
The first tranche of notes has an aggregate principal amount of €500 million, maturity at 2023 and a 0.875% coupon. The second tranche has an aggregate principal amount of €500 million, maturity at 2027 and a 1.875% coupon. The offering was made pursuant to Rule 144A and Regulation S under the Securities Act. The notes will be listed on the Luxembourg Stock Exchange.
The White & Case team which advised on the Italian and English law aspects of the transaction was led by partners Michael Immordino (Milan & London) and Ferigo Foscari (Milan), together with associates Alessandro Picchi and Louise Ruggiero and lawyer Charles English (all Milan). Pirola Pennuto Zei & Associati partners Francesco Mantegazza and Roberta Pirola advised Esselunga on tax aspects.
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