Nexture Completes €500 Million High-Yield Bond Offering in Connection With Acquisitions of Frulact and Sipral Padana

Paul, Weiss advised Nexture S.p.A., a portfolio company of Investindustrial specializing in the development and manufacturing of high-quality food ingredients and value-added solutions, on the U.S. and English law aspects of its issuance of €500 million of senior secured floating rate notes due 2032 and the upsize of its existing revolving credit facility. The transactions were made in connection with the acquisitions of Frulact, a global leading manufacturer of fruit and vegetable-based specialty ingredients headquartered in Portugal, and Sipral Padana, a multi-brand food ingredients solutions platform based in Italy. Proceeds from the notes offering were deposited into escrow pending completion of both acquisitions.

The Paul, Weiss team was led by corporate partners Matthew Merkle, Stefan Arnold-Soulby, Nicolò Ascione and Neel Sachdev, and included tax partners Timothy Lowe and Cian O’Connor and counsel Samir Kurani.