CLIENT : Iar Siltal S.p.A. 

TRANSACTION: Debt advisory & restructuring

DATE: September 2004

SECTOR: Consumer and Retail

Advisory to Iar Siltal SpA for the restructuring of the financial debt through the consolidation of medium-long term credit lines and confirmation of working capital credit lines by a pool of banks and assistance in the underwriting of a capital increase by the existing shareholders.

Activities performed:
analysis of the industrial plan drafted by the company and definition of a coherent financial restructuring plan;
negotiation and definition of an agreement with the banking system referring to the restructuring plan, concerning the rescheduling of the debt and the restoration of the working capital lines.

Deal value: € 215 million