Bending Spoons Enhances Terms for $1.35 Billion AOL Buyout Financing
Photo by Burkard Meyendriesch on Unsplash
Bending Spoons, an Italian technology company, has improved its financing terms for a $1.35 billion acquisition package intended to fund the purchases of AOL, Vimeo, and Eventbrite. The financing terms now include dollar and euro-denominated loans with rates of 587.5 basis points above the SOFR and Euribor benchmarks, respectively.
Key takeaways
- Italian technology firm Bending Spoons has reportedly enhanced the terms of its acquisition financing package, potentially valued at $1
- 35 billion, according to Bloomberg
- The company is seeking this capital to fund the acquisitions of AOL, Vimeo, and Eventbrite
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