IFLR1000

Ascendi Group corporate debt restructuring

2/2/2015
Restructuring
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€ 650 million

$ 699.589 million

Completed

2/2/2015

Overview:

  • The Ascendi Group restructured a €650 million loan from Novo Banco. 
  • The restructuring came after the motorway concession company formed a joint venture with infrastructure investment fund Ardian. 

John Crabb - Journalist 

Jurisdiction:

Portugal

Deal type:

Restructuring

Practice area:

Banking

Governing law:

Portugal

Industry sectors:

Transport
Social infrastructure

Firms:
CS Associados

Party: Ascendi (Borrower)

Morais Leitão

Party: Novo Banco (Lender)

Lawyer: Luís Branco

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