Waiver processes for German Schuldscheindarlehen are known to be quite complex given that an agreement with many individual lenders needs to be achieved. In many cases, such waiver processes are not even initiated due to that burdensome process.
Consequently, this transaction required a careful analysis of the situation at hand, structuring an agreeable proposal, including the necessary amendment agreements, and a process that enabled the banks to achieve agreements with all individual lenders in a relatively short time frame.
The transaction involved legal advice for Austria and Germany.
Transaction size: EUR 100,000,000 – EUR 250,000,000