Foglia & Partners, with a team coordinated by Giuliano Foglia and composed of Matteo Carfagnini and Marco Poziello, assisted Gamma Bidco, a company established on behalf of investment funds managed by Apollo Management IX, handling all tax aspects of the high-yield bond issue totaling 640 million euros with dual fixed- and floating-rate tranches and maturity in 2025 to refinance the Gamenet group’s debt.
The bond issue follows the acquisition, finalized in December 2019, of 48.67 percent of Gamenet Group’s share capital by Gamma Bidco and the subsequent full takeover bid that concluded with the delisting of Gamenet Group shares in February 2020.
As part of this issue, a 100-million super senior revolving credit line was also granted to Gamma Bidco and other Gamenet group companies.