Latham & Watkins Advises on La Doria’s €125 Million High Yield Bond Issuance

Latham & Watkins has advised the pool of banks led by Deutsche Bank and composed of IMI — Intesa Sanpaolo, BNP PARIBAS, Crédit Agricole CIB, J.P. Morgan, Goldman Sachs International, UBS Investment Bank, and UniCredit, in the issuance of €125 million senior secured floating rate notes due 2029 by La Doria S.p.A., a leading European supplier of Italian shelf-stable private label products, including, amongst others, tomatoes, ready-to-use sauces, and canned pulses. The offering represents the second issuance of La Doria in 2024, following the take-private by Investindustrial in 2022.

The Latham team was led by Milan corporate partner Jeff Lawlis and associate Michele Vangelisti, with associate Edoardo Picchi for US capital markets matters. Advice was also provided on Italian finance matters by Milan partner Marcello Bragliani, with counsel Erika Brini Raimondi and associates Nicola Nocerino and Davide Chiarito; on UK finance matters by London partner Prue Criddle, with associates Ajay Agarwal and Simba Gonondo; on Italian capital markets matters by Milan counsel Guido Bartolomei, with associate Leonardo Simeoni; on regulatory matters by Milan partner Cesare Milani; and on tax matters by New York partner Jocelyn Noll and London partner Karl Mah, with counsel Blanca Vàzquez de Castro and associate James Aldred.