A&O Shearman advises on Exor N.V. €600 million 10-year bond placement

A&O Shearman (Rome and Amsterdam offices) advised the pool of Joint Bookrunners — BNP Paribas, Citi, Commerzbank, ING, IMI - Intesa Sanpaolo, Mediobanca, Morgan Stanley and Société Générale — in connection with the placement by Exor N.V. of a €600 million bond. The transaction comprised a €600 million bond with a ten-year maturity, targeted at institutional investors. The bond carries a fixed annual coupon of 3.750% and has been admitted to listing on the Euro MTF market of the Luxembourg Stock Exchange. The placement was executed within a selective market window and was presented as demonstrating investor confidence in the issuer and the robustness of the transaction structure. A&O Shearman represented the pool of Joint Bookrunners — BNP Paribas, Citi, Commerzbank, ING, IMI - Intesa Sanpaolo, Mediobanca, Morgan Stanley and Société Générale — with a team based in Rome composed by: partner Cristiano Tommasi, counsel Sarah Capella, associate Paolo Martellone and trainee Lisa Avitabile. A&O Shearman represented the pool of Joint Bookrunners — BNP Paribas, Citi, Commerzbank, ING, IMI - Intesa Sanpaolo, Mediobanca, Morgan Stanley and Société Générale — with a team based in Amsterdam, which assisted on Dutch law matters and was composed by: partner Jonathan Heeringa and Transaction Executive Victoria Schepers. Cristiano Tommasi, partner, commented: “We are pleased to have advised on a market transaction of primary importance for Exor. The successful placement, executed within a selective market window, underscores investors’ confidence in the issuer and the robustness of the transaction structure.”

A&O Shearman advises on Exor N.V. €600 million 10-year bond placement

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