IFLR1000

HC Starck €700 million debt restructuring

1/1/2015
Financial restructuring
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€ 700 million

$ 777.942 million

Announced

1/1/2015

Overview:

  • HC Starck has restructured debt €700 million of its debt.
  • The company’s revolving credit facility matures in 2016 and the group is looking to enact an ‘amend and extend’.
  • Linklaters acted for the first lien lender ad hoc committee; White & Case acted for the mezzanine lenders. Party names have not been revealed.

Sam Duke - Editor

Jurisdictions:

Germany
United Kingdom

Deal type:

Financial restructuring

Practice area:

Banking

Industry sector:

Industrials and manufacturing

Firms:
Clifford Chance

Party: Angelo Gordon (Lender)

Lawyers: David Towers, Emma Folds, Philip Hertz

Freshfields Bruckhaus Deringer

Party: Carlyle (Sponsor)

Party: Advent International (Sponsor)

Party: HC Starck (Borrower)

Lawyer: Richard Tett

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