News & Insights

Greenlake Legal advised a club of lenders on the restructuring of a syndicated loan agreement with a multinational borrower

Besides the restructuring of the syndicated loan agreement, this transaction included the structuring of a super senior facility and a security package.

In this transaction, we had to deal with a top-down haircut by way of a super senior fresh money structure, which – as such – is not provided for under Austrian law. We developed a working solution which made this transaction possible.

The transaction involved legal advice for Austria and Germany.

Transaction size: EUR 25,000,000 – EUR 100,000,000

Michael Raninger led this transaction.

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