The spread of COVID-19 has caused in view of the potential effect on facility agreements. While the effect of the pandemic may be temporary, there is likely to be an increased need for liquidity in an environment, where new loans will be difficult to obtain.
Germany has implemented measures to support businesses struggling from the effects of the COVID-19 epidemic. This includes a protective financial shield as well as changes to German civil and insolvency law.
The German Federal Government has announced support measures for businesses struggling from the effects of the COVID-19 epidemic. This newsletter focuses on the implementation of a protective financial shield as well as certain additional measures including tax reliefs and a loosening of insolvency filing requirements.
This is Genneia’s first corporate project to receive direct ECA support and enhances its ability obtain alternative sources of high-quality, stable financing in an uncertain economic climate.
Having also acquired majority stakes in packaging machine specialists FAWEMA and HDG in 2018, HQ Equita further strengthens TPG with WOLF’s acquisition.
We are delighted to have advised the lenders on this project financing, one of the first limited recourse project financing transaction in Argentina in recent years.
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