The offering consists of $ 1.25 billion of senior secured notes and € 500 million of senior secured notes, both due in 2032. The notes were issued by two Bending Spoons subsidiaries: Bending Spoons US Inc. issued the US dollar notes and Bending Spoons Operations S.p.A. issued the euro notes.
Following strong demand, the offering was upsized from the initially proposed amount of approximately $ 1.5 billion. The net proceeds will be used, among other purposes, to finance future acquisitions.
Houthoff advised Bending Spoons and its Dutch subsidiaries WeTransfer B.V. and The Creative Productivity Group B.V. on the Dutch law aspects of the offering. The Houthoff team was led by Jeroen Vossenberg and further consisted of Jasper Dekens, Jessica Terpstra, Paul de Vries, Casper Kool and Thies Esselink, Wieger Kop and Juliette Boers.
