Shearman & Sterling advised Cooperativa Muratori & Cementisti-C.M.C. di Ravenna Società Cooperativa (CMC) on its €250 million high yield bond offering.
The €250 million senior notes mature in 2022 and have a fixed coupon of 6.875%. The notes are listed on the Official List of the Luxembourg Stock Exchange and traded on the Luxembourg Stock Exchange’s Euro MTF market.
CMC is an international construction company headquartered in Italy. It constructs transport infrastructure networks including roads, motorways, tunnels, bridges, viaducts, railways, undergrounds, and airports.