Linklaters has advised the pool of banks in the debut offering by Rino Mastrotto of senior secured floating rate notes, totalling €320m, as well as the entry into a new €50m revolving credit facility. The proceeds of the offering will be used to repay certain outstanding indebtedness, fund a distribution to the shareholders and for general corporate purposes.

Rino Mastrotto (NB Renaissance) is a leading international leather and textile group, headquartered in Italy, supplying some of the most recognizable and iconic brands in the fashion, automotive and interior design sectors.

The Linklaters high yield team was led by partner Giacomo Reali and included senior US associate Adriana Perez Cavazos and US associate Filippo Turci.

The Linklaters banking team was led by Milan partner Diego Esposito, Milan counsel Marco Carrieri and associate Maria Chiara De Biasio, alongside London partners Chris Medley, Andrew Jennens and Pathik Gandhi. The team was also supported on Italian capital markets’ aspects by Milan partners Ugo Orsini and managing associate Marta Fusco.

A cross-border tax team, coordinated by partner Roberto Egori and counsel Omer Harel, alongside counsel Fabio Balza, managing associate Eugenia Severino and US associate Erika Jensen advised on Italian and US tax matters.

Advice was also provided by teams in Luxembourg (Patrick Geortay, Evgeny Tikhomirov and Marie-Aimé Cochet), New York (Philip Lee, Andrés Loera and Alfredo Hwang) and Stockholm (Arthur Klintred and Ninab Yousif) as to matters of Luxembourg, NY and Swedish banking law, respectively.