Pedersoli with Lagfin in the issue of its new exchangeable euro 536.4 million bond due 2028 and concurrent repurchase of previous euro 330 million bond due 2025

Lagfin S.C.A., Campari Group Holding Company, has successfully completed, through its Italian branch, the placement of Euro 536.4 million of new senior unsecured equity-linked bonds, with an annual coupon of 3.5%, and concurrent repurchase of a nominal amount of Euro 327.4 million of the previous equity-linked bonds due 2025.

The new bonds, due 2028, will be exchanged in ordinary shares of Davide Campari-Milano N.V. and have been admitted to trading on the “Vienna MTF” market of the Vienna Stock Exchange. The proceeds of the new issue are intended to fund the repurchase of the previous bonds, as well as to support the company’s activities.

Pedersoli assisted Lagfin, as lead counsel, with a team led by equity partners Prof. Eugenio Barcellona and Marcello Magro, and made up of junior partner Leonardo Bonfanti, associates Carlo Ranotti and Riccardo Monge and trainees Antonio Nisi and Giulia Ambrosiani.

Luxembourg law profiles were handled by Luther S.A., with a team made up of partner Bob Scharfe, senior associate Marion Lanne, managing associate Georgios Patsinaridis, associates Rafaella Gavrielidou and Yassine Bouzetit, while professionals of Wolf Theiss, with a team made up of partner Claus Schneider and counsel Nevena Skocic, handled the aspects related to the listing of the new Bond on the Vienna MTF of the Vienna Stock Exchange.

Tax profiles of the transaction were handled by Studio Biscozzi Nobili Piazza, with a team comprising partners Andrea Spinzi and Massimo Foschi.

BNP Paribas and Crédit Agricole CIB acted as structuring global coordinators in the offer of the new bonds; BNP Paribas, Crédit Agricole CIB, Mediobanca-Banca di Credito Finanziario S.p.A., Société Générale and UniCredit Bank AG acted as joint global coordinators and joint bookrunners of the offer of the new bonds and joint dealer managers in the concurrent repurchase of the bonds due 2025.

Linklaters assisted the banks with a team comprising partner Ugo Orsini and managing associate Laura Le Masurier, both based in the Milan office, and partner Ben Dulieu and trainee Francesca Nash, both based in the London office. Linklaters also assisted the trustee with a London-based team comprising partner Neil Pallender, managing associate James Pearce and associate Sarah Whittaker.

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