This transaction was highly complex. Prior to our involvement, a number of issues in the project could not be solved despite several years of negotiations and another highly regarded Austrian law firm being involved.
The underlying deal was a project finance transaction with three financial sponsors. With the deal going South overall, the financial sponsors started to mistrust each other and ran into financial difficulties themselves.
We managed to tackle each of the issue one by one and successfully closed the restructuring. Moreover, not only the financial liabilities of the project entity were restructured, but also the financial liabilities of a second entity that was crucial to the operations of the project entity.
The transaction involved legal advice for Austria and Romania.
Transaction size: EUR 25,000,000 – EUR 100,000,000