Shearman & Sterling acted as legal advisor to Cooperativa Muratori & Cementisti – C.M.C. di Ravenna Società Cooperativa (“CMC”) in connection with CMC’s Rule 144A and Regulation S €300 million high yield bond offering. CMC is the first Italian cooperative company to directly issue this type of debt instrument.
CMC is the fourth-largest Italian construction group by revenue, specializing in complex infrastructure projects in Italy and other countries.
The Shearman & Sterling team included partner Tobia Croff (Milan-Capital Markets) and counsel Tommaso Tosi (Milan-Capital Markets), assisted by associates Maria Antonietta Romeo (Rome-Capital Markets), Camilla Zanetti (Rome-Capital Markets), Gaetano Petroni (Milan-Capital Markets) and Rossana Bellina (Milan-Capital Markets), and trainees Nicolò Antonio Miglio (Milan-Capital Markets) and Mattia Soldan (Rome-Capital Markets).