Linklaters has advised longstanding client Almaviva on its offering of senior secured fixed rate notes, totalling €725m, as well as the entry into a new revolving credit facility for the financing of the public take-private offer for US-listed Iteris Inc. (NASDAQ: ITI) and refinancing of its existing indebtedness.
Almaviva is a privately held Italian digital innovation group and a leading player in the digital transformation. Iteris is a global leader in smart mobility infrastructure management with over 10,000 public agencies and private-sector enterprises that rely on the Company’s AI-powered ClearMobility Platform to monitor, visualize and optimize their mobility infrastructures.
The Linklaters team advising on the transaction was led by partner Diego Esposito (Milan), partner Alexander Naidenov (London) and counsel James Simpson (London), and included associates Chiara Buscicchio and Federica Subba (all Milan) and US associates Kimberly Martin and Filippo Turci (all London). The team was also supported on capital markets’ aspects by Milan counsel Linda Taylor and managing associate Marta Fusco.
The team also included partner Philip Lee, senior attorney Elizabeth Lane and associate Mario Lercari (all New York) and partner Lucio D’Amario and managing associate Giorgio Valoti.
A cross-border tax team, coordinated by partner Roberto Egori and counsel Omer Harel, alongside counsel Fabio Balza, managing associate Eugenia Severino, associates Luigi Spinello and Bernard Yi advised on Italian and US tax matters.
