A six-year loan facility will primarily be used towards the prepayment of existing credit payments, amounting to US$152m, as well as to pay off a US$66m bridge facility raised in June 2019.
Our global team can guide you through complex multi-jurisdictional restructuring and insolvency matters.
We advise across the full spectrum of restructuring and insolvency issues around the world including distressed refinancing, debt restructuring, contingency planning, formal insolvency proceedings, security enforcement, as well as non-performing loan transactions and distressed M&A.
Our clients are lenders (banks and funds) at all levels of the capital structure, borrowers and corporates, insolvency officeholders, agents and trustees. Our particular strength lies in restructuring and insolvency matters within our core sectors of Energy, Real Estate and Transport where we combine our industry knowledge and restructuring and insolvency expertise to deliver commercially viable solutions designed to avoid contentious situations arising.
Where matters do become contentious, we are experienced in advising on even the most complex disputes. In the maritime sector, for example, we have enforced against more vessels for more lenders than any other law firm.
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The financing enables Alpha Trains to refinance existing debt, finance new build rolling stock and restructure the group by bringing its subsidiaries Alpha Trains TWN and Alpha Trains HWN into the financing platform.
In light of Thomas Cook going into liquidation, Stephen Parker looks into whether the UK insolvency law needs to be reformed.