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.