Bending Spoons enters into €500 million SACE-backed term loan facility

Bending Spoons S.p.A. (NASDAQ: BSP) announced today that it has entered into a new €500 million medium-long-term financing provided by HSBC Continental Europe (acting as Sole Coordinator and MLA), Intesa Sanpaolo S.p.A. (acting as SACE Agent and MLA), and BPER Banca S.p.A. (acting as Structuring Advisor and MLA). The facility, which matures in March 2031, benefits from a guarantee provided by SACE, in advancement of SACE’s mission to support the international growth of Italian businesses.

Together with €495 million of additional term loan A financing and a €490 million increase in commitments under Bending Spoons’ revolving credit facility, the transaction brings the aggregate amount of new and expanded facilities agreed by Bending Spoons from the beginning of the second quarter to €1.49 billion. Both the term loan A financing and the additional revolving credit facility commitments are available for general corporate purposes and acquisitions, with each of the facilities maturing in March 2031.

“We are grateful for the continued support of SACE and our financing partners,” said Davide Scarpazza, co-chief financial officer of Bending Spoons. “These arrangements enhance our capital resources and provide additional financial flexibility. Our aim is to maximize long-term value per share, and we remain focused on deploying capital in a disciplined way to generate attractive risk-adjusted returns, primarily through acquisitions.”

“Bending Spoons is a strong example of how Italian innovation, combined with exceptional talent density, can compete and grow on a global scale,” said Michele Pignotti, Chief Executive Officer of SACE. “This transaction confirms SACE’s commitment to standing alongside leading Italian companies that invest in innovation, expand into global markets, and contribute to the competitiveness of Italy’s innovation ecosystem.”