Italy

14 Sep 2006

BNP Paribas has been joined by underwriters Banca Intesa, UniCredit Banca Mobiliare, Interbanca and Rabo on the recap of Italian coffee machine manufacturer Saeco.

The new Eu562m debt package refinances the Eu405m facility that packed PAI's acquisition of the company in 2004 and will also fund a shareholder dividend.

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