Cedacri Mergeco’s €105 Million Senior Secured Floating Rate Notes Offering

White & Case and Tremonti Romagnoli Piccardi e Associati advised Goldman Sachs, as placement agent, and the investors, on the offering.

Cedacri Mergeco S.p.A. executed its privately placed tap offering of €105 million senior secured floating rate notes due 2028.

The notes were offered and sold pursuant to Regulation S under the US Securities Act and the notes will be listed on the Vienna Stock Exchange. The proceeds from the sale of the notes will be used for general corporate purposes.

Cedacri S.p.A., the most important Italian company specialized in IT outsourcing services for the banking sector, in 2021 was acquired by ION Investment Group, a leading fintech company on the international market in the development of software, data and analysis for international financial institutions, central banks and large corporations.
Cedacri has over 200 clients – banks, financial institutions, industrial companies, and service companies.

The White & Case team in London which advised the investors was led by partner Gilles Teerlinck and included associate Pierre Brule. Partner Iacopo Canino and lawyer Elvira Ricotta (both Milan) advised on the Italian law aspects and Partners Michael Immordino and Evgeny Scirtò Ostrovskiy (both London & Milan) advised Goldman Sachs as placement agent.

Involved fees earner: Michael Immordino – White & Case; Evgeny Scirtò Ostrovskiy – White & Case;

Law Firms: White & Case;

Clients: Goldman Sachs;