Barolo Bidco SpA appoints Law Debenture as trustee for new secured note issue
20 May 2016
Barolo Bidco S.p.A..
€450,000,000 Senior Secured Floating Rate Notes due 2022
We have been appointed as trustee for this new high yield bond issue by Barolo Bidco S.p.A. The proceeds of the issue were used to fund the acquisition of TeamSystems Holding S.p.A.
TeamSystem is a leading designer and distributor of business management software and related value-added services for ‘‘SMEs’’ and professional advisers in Italy.
Law Debenture was earlier this year appointed trustee of an issue of €150,000,000 Floating Rate Senior Notes due 2023 by Barolo Midco S.p.A. (the parent company of Barolo Bidco S.p.A.).