Golden Goose, off to the IPO: on Piazza Affari by June | EUROtoday

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Golden Goose Group heads in the direction of Piazza Affari. The luxurious, life-style and sportswear group has introduced its intention to listing its unusual shares on Euronext Milan, a regulated market organized and managed by Borsa Italiana. The shares are anticipated to be listed in June 2024.

The providing will encompass newly issued unusual shares of the corporate ensuing from a capital enhance with exclusion of pre-emption rights (major tranche) and present unusual shares supplied (secondary tranche) on the market by the present sole shareholder of the corporate, Astrum SapA of Astrum 4.

The construction of the provide

In specific, the construction of the provide envisages a minimal of 25% of the overall issued and excellent share capital as per Euronext Milan necessities, a major tranche of 100 million euros and a greenshoe choice granted by the promoting shareholder to the Joint Global Coordinators. The complete variety of shares within the providing will probably be outlined earlier than the launch of the IPO. There is a lock-up of 180 days from the itemizing date for the promoting shareholder and the corporate and 360 days for chosen members of administration.

«The IPO is the pure consequence of a hit story that started in Venice in 2000 and I’m deeply proud to steer the Golden Goose Family in the direction of this second. We created a luxurious model that at present unites a neighborhood of 1.5 million individuals in over 80 international locations”, said Silvio Campara, CEO of Golden Goose, underlining that “now, collectively, we are able to write a brand new chapter in our historical past for an excellent wider viewers.”

The operation

The Company intends to make use of all proceeds from the providing, along with borrowings made beneath the brand new credit score services, to finance Golden Goose's early settlement or redemption of its excellent floating fee senior secured notes due in 2027, refinance any excellent quantities and settle the tremendous senior revolving credit score facility entered into by its subsidiary Golden Goose and settle all liabilities beneath the collectors' settlement referring to the 2027 notes and the prevailing RCF. The subsidiary of the Golden Goose Group has stipulated a senior financing contract beneath English legislation which consists of a time period mortgage facility B for a complete nominal quantity of 310 million euros and a multicurrency revolving credit score facility for a complete dedicated quantity of 150 million.