Milbank Advises Cedacri S.p.A. on Its Issuance of €275M Senior Secured Floating Rate Notes

Milbank LLP has advised Cedacri S.p.A. (the “Issuer”) in connection with its issuance of €275 million senior secured floating rate notes due 2028 (the “Offering”). The issuer is an industry-leading technology company that is fully dedicated to providing core banking software, digital infrastructure, solutions and other IT services predominantly to the Italian market. It plays a systemic role within the Italian banking sector and is Italy’s third-largest banking platform (based on the number of branches served).

The Milbank team was led by European Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis and Ana Grbec, special counsel Trevor Truman, associates Chara Makrygianni, Panos Tsezos and legal assistant Matteo Bonacina. The team also included European Leveraged Finance/Capital Markets partners Alexandra Grant and Sarbajeet Nag, associates Giulia Petragnani Gelosi and Obinna Mezu, New York Tax partner Eschi Rahimi-Laridjani and associate David Hanno, Alternative Investments partner Catherine Leef Martin and special counsel Megha Kalbag.