May 04, 2021
Latham & Watkins advised the initial
purchasers on Nexi’s €2.1 billion bond offering, consisting of €1,050,000,000
Senior Notes due 2026 and €1,050,000,000 Senior Notes due 2029.
The proceeds of the Notes, together with
the proceeds of the €1 billion 2028 Convertible Notes, allows Nexi to
successfully prefund both the Nets Merger and the SIA Merger, extend the tenor
of its debt and achieve a significant reduction in the cost of debt.
The transaction is the latest in a number
of deals Latham has advised on in connection to Nexi. Most recently, the firm
represented the banks on the bridge financing in connection with the merger of
Nexi and Nets.
The Latham team was led by London partners
Jennifer Engelhardt and Dan Maze, with associates Yeniva Massaquoi and Kathleen