Recent Updates — BSP
Bending Spoons priced an upsized dual-currency senior secured notes offering with an aggregate principal amount equivalent to approximately $1.8 billion. The transaction comprises $1.25 billion in 9.625% U.S. dollar-denominated notes and €500 million in 8.625% euro-denominated notes, both due in 2032. Issued at par by wholly-owned subsidiaries, the offering was upsized from an originally proposed $1.5 billion following strong demand. Net proceeds will fund future acquisitions, pay transaction costs and taxes, and support general corporate purposes. Settlement is expected on or about November 4, 2026, subject to customary closing conditions. Bending Spoons operates in the technology sector, developing consumer software applications.
Bending Spoons announced a proposed offering of approximately $1.5 billion in aggregate principal amount of senior secured notes, subject to market conditions and other factors. The transaction consists of $1 billion in U.S. dollar-denominated notes issued by Bending Spoons US Inc. and €500 million (approximate equivalent) in euro-denominated notes issued by Bending Spoons Operations S.p.A., both due in 2032. The parent company will not issue or guarantee the debt. Net proceeds are intended to fund future acquisitions, pay offering-related costs, fees, expenses, and taxes, and for general corporate purposes. Interest rates and issue prices remain undetermined pending pricing. Bending Spoons operates as a technology company developing digital products and services.
Bending Spoons S.p.A. has completed its previously announced all-cash acquisition of Miro, a visual collaboration platform serving over 100 million users. At closing, certain former Miro shareholders invested approximately $295 million of their proceeds into approximately 6.2 million newly issued ordinary shares of Bending Spoons via a private placement exempt from U.S. Securities Act registration. The company expects to incorporate Miro's financial results into its outlook upon the next reporting period. Bending Spoons operates as a digital business aggregator that acquires, transforms, and scales software companies.
Bending Spoons S.p.A. entered into a binding agreement for the private placement of 10 million ordinary shares to Berkshire Hathaway at $33.00 per share, raising approximately $330 million in net proceeds. The transaction brings Berkshire Hathaway’s total ownership stake to 4%, following an initial $600 million investment during the company's July 2026 IPO. Bending Spoons intends to use the funds for general corporate purposes and to finance new acquisitions. The closing is subject to customary conditions and is expected in Q4 2026. Bending Spoons operates as a technology holding company that acquires, transforms, and scales digital businesses such as Airtable, Evernote, and Vimeo.
Bending Spoons closed two add-ons to its existing senior secured term loans due in 2031, raising $1.25 billion in U.S. dollars and €395 million in euros. The transactions were priced on September 25, 2026, following credit rating upgrades by Moody’s (Ba3) and S&P (BB-). Proceeds will finance the Miro acquisition, repay drawn portions of its euro revolving credit facility, and support general corporate purposes. Bending Spoons operates in the technology sector, acquiring digital businesses such as Airtable, Evernote, and Vimeo to implement operational transformations.
On September 10, 2026, Bending Spoons S.p.A. entered into a definitive agreement to acquire RealTimeBoard, Inc. (d/b/a Miro) in an all-cash transaction valued at $1.355 billion enterprise value, implying an equity value of approximately $1.79 billion. Certain Miro shareholders have agreed to invest $295 million of their proceeds into newly issued Bending Spoons equity. The acquisition is expected to close in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions. Bending Spoons operates as a digital business aggregator that acquires, transforms, and owns software companies.