News & Announcements

Weil Advises on €450M High Yield Offering and Revolving Credit Facility Upsize by IMA

Weil advised J.P. Morgan and BofA Securities, as joint physical bookrunners, and BNP Paribas, Crédit Agricole CIB, Mediobanca, Morgan Stanley and UniCredit, as joint bookrunners, in connection with I.M.A. Industria Macchine Automatiche S.p.A.’s offering of €450 million Senior Secured Floating Rate Notes due 2029. Weil also advised Bank of America as additional facility lender on the upsize of IMA’s existing revolving credit facility.

IMA is a global leader in the design and assembly of complex automated machinery for the product filling and primary packaging of pharmaceuticals and consumer products in the food and beverage and personal care sectors, such as cosmetics, tea, coffee and certain other food products. IMA also provides technological solutions for the production of automation systems for the production and assembly of medical products and in the automotive, e-mobility, electric motors, electro-mechanics and watchmaking sectors.

The Weil team was led by High Yield partner Gilles Teerlinck and included associates Lorenzo Colombi-Manzi and Roberto Storlazzi, Finance partner Reena Gogna and associates Jess Viner and Cynthia Gao. Tax partner Devon Bodoh and associate Carlos Parra advised on U.S. tax matters.

Weil worked in close partnership with Italian counsel PedersoliGattai, whose team was led by partner Lorenzo Vernetti and counsel Federico Tropeano.