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by Stephen Carter
Sep 16, 2025 6:47 AM ET
Sammontana Italia SpA (SAMMNT) EUR125m 144A/Reg S add-on to its sr sec FRN due 10/15/31 (6y). Callable 10/15/25 (MWC B+50bp) at 100. B2/B/BB- (stable/stable/rating watch negative). Via BNP (B&D)/IMI/UniCredit/Natixis/Rabo jt glocos/Akros/BPER/DB/GS jt books. No reg rights. List Lux. NY law. CoC at 101. Floats/pays quarterly 3mE+375bp. Denoms: 100kx1k. Settles (T+10). Permanent Regs ISIN: XS2902582357. Immediately 144A fungible (Reg S after 40 days) with the EUR800m issue priced 10/02/24. IPT: 3mE+375bp (0% floor) at 99.25-99.50.
Price talk: 99.75-100.00.
Roadshow (1-on-1s) 09/15-16 (results call at 11:30am UKT 09/15). Books close at 12:30pm UKT 09/16. Pricing 09/16 UK afternoon. UOP: pay down the EUR97m drawn on its revolver, GCP. Equity sponsor: Investindustrial (42%), and the Bagnoli family (58%). Biz: leading Italian producer of frozen pastry and Gelato. HQ: Empoli, Italy. Deal Roadshow entry code: SISPA2025.