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.
The Shearman & Sterling team was led by partners Jacques McChesney (London-Capital Markets) and Tobia Croff (Milan-Capital Markets); and counsel Tommaso Tosi (Milan - Capital Markets), and included associates Camilla Zanetti (Rome-Capital Markets) and Fabio Pazzini (New York- Corporate), and trainee Lucrezia Sperzani (Milan-Capital Markets).