Investindustrial Portfolio Company Lifting Control Holding Completes Inaugural Bond Offering

Paul, Weiss advised Investindustrial portfolio company Lifting Control Holding S.p.A., the holding company of Italy-based loader-crane manufacturer Fassi Gru, in connection with its debut issuance of €450 million senior secured floating rate notes due 2033 and entry into an €85 million revolving credit facility. The proceeds of the offering were used, in part, to refinance existing indebtedness, with the balance to be used to fund a shareholder distribution and certain bolt-on acquisitions.

The Paul, Weiss team was led by corporate partners Matthew Merkle, Stefan Arnold-Soulby, Nicolò Ascione and Neel Sachdev, and included tax partners Timothy Lowe, Cian O’Connor, Rohit Pisal and Deeksha Rathi and counsel Samir Kurani.