Bending Spoons seeks $1.5 billion of debt to fund acquisitions
FROM THE WIRE · FINANCE.YAHOO.COM
(Bloomberg) -- Italian technology investor Bending Spoons SpA is tapping debt markets for $1.5 billion in part to pursue its acquisition-led growth strategy. Most Read from Bloomberg Lula Wins Record Fourth Term in Surprise Brazil Comeback Apple's Foldable iPhone Duo Draws Early…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA high-yield debt sale of this size is relevant for the high-yield credit market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Bending Spoons SpA is raising $1.5 billion in debt.
- 02Expected terms include five-year senior secured notes with yields in the low 10% area.
- 03The expected rating is BB-, toward the higher end of junk.