Homburger advises the board of directors of gategroup

gategroup holding announced that its shareholders, RRJ Capital and Temasek, and all bank lenders providing syndicated loans to the group have reached an agreement in principle, under a binding term sheet, to support a comprehensive restructuring of the Group’s financial indebtedness. The proposed transaction will provide the Group with significant new liquidity to address short and medium-term needs and will help establish a stable capital structure.

The transaction will be conditional on the extension of the maturity of the Group’s CHF denominated bond to February 2027, whilst maintaining the cash coupon.The transaction is also subject to the execution of definitive documentation, customary conditions and regulatory and other approvals.

The team

Homburger advises the board of directors of gategroup in connection with the transaction as to Swiss law. The team includes partners Frank Gerhard (Corporate / M&A), Benedikt Maurenbrecher (Financing and Investment Products; Restructuring / Insolvency), Stefan Kramer (Financing and Investment Products; Restructuring / Insolvency), senior counsel Ueli Huber (Restructuring / Insolvency), associates Marco Rostetter (Corporate / M&A; Restructuring / Insolvency), Miguel Sogo (Litigation; Restructuring / Insolvency) and Richard Meyer (Litigation; Restructuring / Insolvency).

Homburger advises the board of directors of gategroup

FabioAdmin

Legalcommunity.ch

Launched in 2020 by LC Publishing Group, it is the first digital portal addressed to the Swiss legal market.
In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointments and providing insights, analytical data and opinions on the professions’ main trends and topics (Ai, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram