IFLR1000

Louis Group €300 million debt restructuring

21/6/2017
Financial restructuring
Select tab

€ 300 million

$ 340 million

Completed

21/6/2017

Overview:

  • Louis Group has undertaken a €300 million debt restructuring.
  • Bank of Cyprus was the principal lender.
  • The deal saw the company undertake two years of negotiating with six Cypriot banks and 52 companies in the group.
  • Louis Group is an owner and operator of hotels in Cyprus and Greece.

Katrin Kostadinova - Data analyst

Jurisdiction:

Cyprus

Deal type:

Financial restructuring

Practice areas:

Banking
Restructuring and insolvency

Governing law:

Cyprus

Industry sectors:

Real estate
Tourism

Firm:
Ashurst

Party: Bank of Cyprus (Lender)

Lawyer: Olga Galazoula

Related deals