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Borgosesia – a company active in the recovery of assets and real estate value from special situations (company crises and judicial liquidations) and opportunities (from critical generational transitions to family or corporate disagreements) – has approved the issue of a non-subordinated, non-guaranteed senior bond, non-convertible and with a duration of five years, but with amortization in constant installments starting from the end of the second year – for a maximum amount of up to 30 million euros. The first issue date is expected by May 25th.
The bonds – intended for retail investors and professional investors in Italy and abroad – will accrue a variable annual gross interest rate equal to the three-month Euribor, increased by 500 basis points (5%) without prejudice to the fact that on any date subsequent to the 30th June 2026, the issuer will have the right to settle the bond early, in whole or in part.
Upon initial subscription, the bonds – which will have a nominal unit value of one thousand euros and will be issued for 100% of the nominal value – can be subscribed exclusively for a minimum amount of 100 thousand. The objective of the operation is to make the Group’s financial management more efficient, supporting both the valorization activity of the owned real estate portfolio and, above all, the co-investment activity envisaged by the 2024-2026 Industrial Plan.
It is understood that the minimum amount will not be required during the subsequent resale of the bonds to professional investors carried out on the professional segment of Euronext Access Milan. The bond loan will be subject to financial covenants as provided in the loan regulations. but the results of the private offer and the final terms of the bonds will be communicated at the same time only on the date of first issue.