意大利科技投资公司Bending Spoons SpA正进入债务市场寻求15亿美元融资，部分目的是推进其以收购为主导的增长战略。
Italian technology investor Bending Spoons SpA is tapping debt markets for $1.5 billion in part to pursue its acquisition-led growth strategy.
据一位知情人士透露，该公司正在推介10亿美元五年期高级担保票据，收益率在10%出头的区间，以及5亿美元等值的欧元份额，收益率在9%出头的区间。该债务的预期评级为BB-，处于垃圾级信用评级区间的较高端。
The company is marketing $1 billion of five-year senior secured notes in the low 10% area and a $500 million-equivalent euro tranche in the low 9% area, according to a person familiar with the matter. Expected ratings on the debt is BB-, toward the higher end of the junk credit spectrum.
欧元票据约9%的收益率高于彭博泛欧高收益指数的7.8%，为投资者押注Bending Spoons科技投资的风险提供了额外补偿。
The roughly 9% yield on the euro notes is above the 7.8% yield on the Bloomberg Pan-European High Yield Index, offering investors additional compensation for the risks of betting on Bending Spoons’ tech investments.
然而，此次发行将考验在杠杆融资市场日益挑剔之际，投资者愿意在多大程度上支持这一战略。全球利率上升、能源价格上涨以及人工智能带来的威胁，也推动欧洲高收益市场的借贷成本大幅上升。Bending Spoons未立即回复置评请求。
The offering, however, will test how far investors are willing to back that strategy at a time when leveraged-finance markets are becoming more selective. Rising global interest rates, higher energy prices, and threats from artificial intelligence have also driven a sharp increase in the cost of borrowing in Europe’s high-yield market Bending Spoons didn’t immediately reply to a request for comment.
Bending Spoons通过收购成熟软件公司并对其运营进行全面改革以提升盈利能力来建立其业务。该公司瞄准订阅制应用公司，利用其投资组合产生的现金和债务为进一步收购提供资金。
Bending Spoons has built its business by acquiring established software companies and overhauling their operations to boost profitability. It has targeted subscription app companies, using cash generated from its portfolio and debt to fund further acquisitions.
其持有的资产包括AOL、Vimeo、Evernote、WeTransfer、Eventbrite和Airtable。
Its holdings include AOL, Vimeo, Evernote, WeTransfer, Eventbrite and Airtable.
Bending Spoons首席执行官Luca Ferrari本月表示，软件估值下降正在创造收购机会。软件股受到担忧情绪打击，人们担心人工智能的进步可能使客户能够替代他们从软件供应商购买的部分服务。
Bending Spoons CEO Sees Buying Opportunities in SaaSpocalypse Chief Executive Officer Luca Ferrari this month said falling software valuations were creating acquisition opportunities. Software shares have been hit by concerns that advances in AI could allow customers to replace some of the services they buy from software providers.
自7月首次公开募股后开始交易以来，Bending Spoons股价已飙升61%。
Bending Spoon shares have surged 61% since they began trading in July after the company’s initial public offering.