SO.MA.CI.S. Completes Second Private Placement of Senior Secured Notes

Paul, Weiss advised Bain Capital and its portfolio company Castello (BC) Bidco S.p.A., the holding company of the SO.MA.CI.S. group, on the U.S. and English law aspects of its issuance and private placement of €100 million senior secured floating rate notes due 2031 to certain institutional investors.

SO.MA.CI.S. S.p.A. is a leading global manufacturer of high-complexity printed circuit boards. Proceeds from the private placement will be funded to the issuer’s balance sheet and, together with cash on hand, will be used to fund a proposed acquisition.

The Paul, Weiss team was led by corporate partners Matthew Merkle, Kanesh Balasubramaniam, Nicolò Ascione and Neel Sachdev, and included tax partner Timothy Lowe.