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Debt restructuring

Dealing with the finance arrangements of businesses in difficulty is a core strength of our finance team.

We have represented lenders and borrowers alike, and have been involved in the restructuring of more than a few credit arrangements of companies facing financial distress, helping many of them to avoid imminent default.  When assisting in financial restructuring projects, we seek to find common ground between lenders and borrowers to remove the possibility of default and the resulting insolvency and, instead, find a mutually satisfactory resolution that avoids the pain that insolvency brings with it.

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Our Relevant Experience
  • Advising a Romanian bank, on the restructuring of credit facilities in excess of EUR 35 million granted to a real estate developer (including the associated corporate restructuring).
  • Restructuring a credit offer in excess of EUR 80 million for one of the largest residential developments in Bucharest.
  • Advising on matters of Romanian law in a multi-jurisdictional restructuring of more than EUR 200 million debt of a Greek company.
  • Advising the agent on the impact of the multi-jurisdictional restructuring of more than EUR 200 million of debt of an international group active in the manufacture of auto parts.
  • Advising a group of five French banks on the restructuring of credit facilities in excess of EUR 40 million to an industrial group with a material subsidiary in Romania.
  • Advising a Greek bank in relation to the restructuring of credit facilities in excess of EUR 300 million granted to a major Greek metallurgical group with a material subsidiary in Romania.
  • Advising a Greek bank in relation to the restructuring and further enforcement of credit facilities in excess of EUR 50 million granted to several real estate investors in Romania.
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