Marcolin SpA Issues High-Yield Bond to Partially Finance Viva Acquisition

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MILAN— Marcolin SpA announced on Nov. 7 that it has priced its senior secured notes due 2019 in an aggregate principal amount of €200 million. The fixed rate note bond issue will have an annual coupon of 8.50 percent and are expected to be listed on the Euro MTF Market of the Luxembourg Stock Exchange and on the Extra MOT Pro Segment of the Italian Stock Exchange.

The net proceeds of the notes are expected to be used to partially finance the acquisition of Viva Optique, Inc. (announced on Oct. 24, as reported and for the repayment and/or the refinancing of certain of the Marcolin group’s existing indebtedness and to pay transaction fees and expenses.

Goldman Sachs International acted as Global Coordinator and Bookrunner for the offering and Banca IMI, Natixis, UniCredit Bank and IKB Deutsche Industriebank acted as Joint Bookrunners, the company’s statement said.