Barilla has made a private placement of about 185 million dollars to US investors. The terms of the deal will close on october 2027. The well known White & Case LLP advices Barilla group on the transaction. Barilla issued a US Private Placement for general corporate purposes and refinancing of expiring transactions. The company also sees the excellent conditions of the transaction as proof of the high recognition the company enjoys in the capital markets.
Italy’s corporate-bond market is tiny, currently amounting to around 100 billion euro. While some smaller but global brand-name firms, such as the coffee maker illy and the pasta company Barilla, have done private placements. Italian companies tend to have little interactions with capital markets, relying on multiple lenders for working and investment capital. But abroad, US stocks gained steam and the dollar touched a new seven-month high on Wednesday 18th November. Moreover, major European stock indexes fell as security issues remained a focus for international investors.