Bending Spoons Upsizes Term Loan B Add-Ons to $1.25B and €395M After Credit Rating Upgrades
BSP is trading near its 52-week low of $30.11 (9.2% above the low) on light trading volume (0.4× avg).
Summary
Bending Spoons closed $1.25 billion and €395 million term loan B add-ons, upsized from original targets, after Moody's and S&P upgraded its credit ratings. Proceeds fund the Miro acquisition and repay revolving credit debt.
Key Events · Financing and Capital Events · BSP
-
Upsized Term Loan B Add-Ons Closed
Closed $1.25 billion USD and €395 million EUR add-ons to existing term loan B facilities due 2031, up from original $750 million and $250 million equivalent targets.
-
Credit Rating Upgrades
Moody's upgraded Bending Spoons to Ba3 from B1 and S&P raised its rating to BB- from B+ earlier the same week, supporting the upsized syndication.
-
Use of Proceeds
Proceeds will finance the $1.355 billion Miro acquisition, repay the drawn euro revolving credit facility, and fund general corporate purposes.
-
Syndicate Composition
JPMorgan arranged the USD add-on; BNP Paribas, Goldman Sachs, J.P. Morgan, and UniCredit arranged the EUR add-on, with HSBC, Banco BPM, Intesa Sanpaolo, and MUFG participating.
Analysis · BSP · Technology
Bending Spoons closed two upsized term loan B add-ons totaling approximately $1.7 billion equivalent, significantly larger than the original $750 million and $250 million targets. The upsizing follows credit rating upgrades from both Moody's and S&P earlier the same week, reflecting improved creditworthiness. Proceeds will fund the $1.355 billion Miro acquisition, repay the drawn euro revolving credit facility, and support general corporate purposes. The larger-than-targeted syndication demonstrates strong lender demand and reduces refinancing risk for the Miro deal.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.6% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BSP was trading at $32.88 on NASDAQ in the Technology sector, with a market capitalization of approximately $20.9B. The 52-week trading range was $30.11 to $58.94. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.