Recente zaken

Acted as Dutch counsel to a bank syndicate led by NORD/LB on a EUR 110 million ESG-linked financing for Deutsche Saatveredelung AG (DSV), one of Germany's leading plant breeders.

Acted as Dutch counsel to an IT services company in connection with its GBP 1,750,000 refinancing.

We advise on the ongoing undisclosed Dutch Scheme (WHOA) proceeding of an engineering and production company.

Advised Energietransitiefonds Rotterdam in respect of the € 5.000.000 unsecured term loan facility provided to Pryme N.V. for the purposes of scaling the production facilities of its advanced pyrolysis plant, where it converts plastic waste into Liquid Plastic Waste (pyrolyze oil) and to prepare the build of its second plant on a commercial scale.

Acted as counsel to a family office as sole lender on a credit facility agreement of € 1,500,000.

We advised on the financial restructuring of a PE owned national chain of hospitality companies.

We provided a second opinion on an undisclosed Dutch Scheme (WHOA) proceeding of a medical company.

We have acted for a leisure and events company on its financial restructuring resulting in a distressed takeover of the company and a € 30 million to € 15 million debt reduction. The undisclosed Dutch Scheme (WHOA) proceedings were leveraged to reach a consensual deal.

We have acted for a PE portfolio company on the restructuring of a lease resulting in a reoccurring sub-lease vacancy risk reduction and reoccurring cost reduction against financial support of the sponsor and bank. The Dutch Scheme (WHOA) was leveraged to reach a consensual deal.

We have acted for Tennor Holding B.V. in the appeal proceedings against its bankruptcy. Tennor has paid all operational creditors and has agreed ‘standstill’ arrangements with all its financial creditors. The Court of Appeal in Amsterdam accepted Tennor Holding B.V.’s argument that herewith the ‘insolvency situation’ was resolved and the bankruptcy was annulled on that basis.

Acting for a high end plant breeder, active in vegetable growing and floriculture, on the amendment and restatement of its Senior Facilities Agreement with one of the leading Dutch banks.

We have advised Tennor Holding B.V., on its agreement with certain of its material creditors to restructure financial indebtedness of the Tennor Group and certain affiliated entities. The restructuring will include the issuance of EUR 1,450,000,000 First Super Senior Secured Notes by Tennor Holding B.V. and, subject to conditions, the transfer of certain existing equity securities of the Tennor Group which are currently held by creditors and the cancellation, subject to conditions, of existing bonds of the Tennor Group and certain of its affiliates which are currently held by creditors. For more information see: https://tennor.com/tennor-group-agrees-to-restructuring-of-financial-indebtedness-with-material-creditors/

Acting for a provider of horticulture technology on its financial restructuring, including an amendment of its Senior Facilities Agreement with one of the leading Dutch banks and the structuring of a Subordinated Loan.

Acting for the management participation vehicle in the restructuring of IHC Merwede Holding, one of the largest Dutch shipbuilders, whereby the shares in IHC were acquired by a consortium of strategic parties and investors, supported by the Dutch State. Our instruction commenced early 2019 when we advised the management participation vehicle on the EUR 1.6 billion refinancing of IHC Merwede Holding.

Acting for Mercon, a service provider for tank and industrial support in maintenance and constructing projects, in optimizing its capital structure.