Latham & Watkins Advises Bending Spoons on Landmark Upsized US$1.8 Billion (Equivalent) Dual-Currency Senior Secured Notes Offerings

Latham & Watkins has advised Bending Spoons S.p.A. (Nasdaq: BSP) (Bending Spoons), a leading technology company owning and operating dozens of digital businesses, including Airtable, AOL, Brightcove, Eventbrite, Miro, Tractive, Vimeo, and WeTransfer, on the upsized debut dual-currency issuances of senior secured notes by two of its US and Italian subsidiaries for an aggregate principal amount equivalent to over US$1.8 billion. The transaction marks a significant milestone for Bending Spoons following its successful initial public offering and listing on the Nasdaq Global Select Market in July and its recent acquisitions this year.

The offerings comprised US$1.25 billion aggregate principal amount of senior secured notes due 2032 and €500 million aggregate principal amount of senior secured notes due 2032, each issued at par. Reflecting considerable investor demand, the offerings were upsized from the originally proposed amount of approximately US$1.5 billion (equivalent).

The Latham team represented Bending Spoons with a US Capital Markets team led by Milan corporate partner Jeff Lawlis, counsel Giorgio Ignazzi, and associates Michele Vangelisti, Sonali Ladha, and Ludovica Davoli. Advice was also provided on finance matters by Milan partners Marcello Bragliani and Alessia De Coppi, with associates Nicola Dall'Acqua and Giovanni Molteni.