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Latham & Watkins Advises Eni S.p.A. on Its US$1 Billion US Bond Issuance
May 21, 2025
A cross-border team advised the issuer in its fourth successful US transaction.
Latham & Watkins has advised Eni in its successful issuance of a unitranche fixed rate bond in the US market, with maturity of 10 years, paying a fixed annual coupon of 5.75%, for a total principal amount of US$1 billion. The transaction applies the Acupay System structure to accommodate tranches of securities from Italian issuers in US dollars offered and sold both inside and outside the US. The transaction marks the fourth successful bond issuance of Eni S.p.A. in the US market.
The Latham team was led by partners Ryan Benedict, Paolo Bernasconi, and Antonio Coletti, with associate Marco Bonasso. Advice was also provided on tax matters by partner Jocelyn Noll, with associate Tessa Young.