Wenger Vieli with Precious Woods on CHF 43.5m restructuring

Wenger Vieli advised Precious Woods on its financial restructuring worth CHF 43.5 million in loans. The sustainable tropical forest management firm has entered into a standstill agreement, and as part of the restructuring plan implemented after extensive negotiations with the involved stakeholders, the creditors of the holding company agreed to convert loans in the principal amount of CHF 43.5m into equity and to waive their 2024 interests following the debt restructuring agreement. With this debt-to-equity swap, Precious Woods’s holding company is now largely debt-free.

Wenger Vieli Team

Wenger Vieli’s team was co-led by partners Daniel Oehri (restructuring, pictured left) and Beat Speck (corporate, pictured right). It also included senior associate Andrea Christen (notary public) and associate Fabienne Nufer (corporate).