Shearman & Sterling acted as legal advisor to Nuovo Trasporto Viaggiatori S.p.A. (“NTV”) in connection with NTV’s Rule 144A and Regulation S €550 million senior secured high yield bond offering. NTV also entered into a new credit facilities agreement for an aggregate amount of €160 million split between a term loan and a revolving credit facility, and secured on a pari passu basis by the same collateral securing the notes. NTV is the first private high-speed operator in the European passenger rail industry, operating in Italy under the “Italo” brand.

The Team