Latham Advises Bain Capital and F.I.S. – Fabbrica Italiana Sintetici S.p.A. on a New High Yield Bond Issuance

Latham & Watkins has advised F.I.S. – Fabbrica Italiana Sintetici S.p.A., a leading CDMO in Europe in the development and production of active pharmaceutical ingredients for the global pharmaceutical industry and portfolio company of Bain Capital, on the issuance of €770 million senior secured notes due 2031, composed of €470 million floating rate notes and €300 million fixed rate notes, on the back of strong demand from investors.

The firm has also advised F.I.S. – Fabbrica Italiana Sintetici S.p.A. on the increase in size from €80 million to €160 million and the extension of the maturity of its existing revolving credit facility with primary lending institutions.

The Latham team was led by Milan corporate partner Jeff Lawlis and counsel Giorgio Ignazzi, with associates Edoardo Picchi, Giulio Maccarrone, and Ludovica Davoli on US capital markets matters. Advice was also provided on Italian finance matters by Milan partner Marcello Bragliani, with counsel Erika Brini Raimondi and associates Francesca Parisini, Alessandro Bertolazzi, and Eleonora Toffoli; on Italian corporate matters by associate Federica Ventura; on UK finance matters by London partners Hugh O’Sullivan and Julie Van der Meersche, with associates Vanessa Ho and Camille Gauché; on Italian capital markets matters by Milan associates Marco Bonasso and Lorenzo Rovelli; on US tax matters by New York partner Aaron M. Bernstein, with associate Tessa Young; and on Italian regulatory matters by Milan partner Cesare Milani, with associates Edoardo Cassinelli and Irene Terenghi.