CLIENT: Targetti Poulsen

TRANSACTION: Debt advisory & restructuring

DATE: December 2010

SECTOR: Industrial

Advisory in the definition of an agreement pursuant to Article 67 of the Finance Act with the banking community concerning the reset of the covenants of a pooled loan (original amount of € 242 million) and the consolidation of revolving credit lines for approximately € 16 million.

Activities performed:
definition of a financial restructuring plan for the group;
negotiation and definition of an agreement with the banking system to reset the covenants of an existing loan and the consolidation of self-liquidating credit lines for € 16 million.

Deal value: € 19 million