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A&O Shearman advises the financial institutions in the new INWIT bond and in the related liability management transaction

A&O Shearman advises the financial institutions in the new INWIT bond and in the related liability management transaction
Published Date
Apr 7 2025
Infrastrutture Wireless Italiane S.p.A. (INWIT or the Company) has completed the placement of a five-year bond (April 2030) with a nominal value of EUR750 million aimed at institutional investors.

Documented under the Company's EUR4 billion Euro Medium Term Notes program, the bond pays a fixed annual coupon of 3.750% and has been dual listed on the regulated market of the Luxembourg Stock Exchange and the Italian Stock Exchange.

The New Notes are being issued in conjunction with the cash buyback offer announced by INWIT on March 24, 2025 addressed to the holders of its “EUR1bn 1.875 per cent. Notes” due July 8, 2026 (XS2200215213) (the Tender Offer). The Tender Offer period ended on March 31, 2025.

A&O Shearman advised the Dealer Manager financial institutions in the Tender Offer and the Active Bookrunners.

The A&O Shearman team in the transaction was led by partner Cristiano Tommasi, assisted by associate Alessandro Negri. Counsel Elia Ferdinando Clarizia handled tax aspects.

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