IFLR1000

Amorim Energia €200 million restructuring

1/1/2016
Financial restructuring
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€ 200 million

$ 212.925 million

Completed

1/1/2016

Overview:

  • Amorim Energia has restructured a €200 million margin loan transaction entered into in 2012 with Bank of America and BTG Pactual.
  • Amorim holds 33% of the share capital of GALP Energia, Portugal's sole oil and gas operator.
  • The deal involved GALP shares as collateral. 
  • Amorim Energia is a Portuguese holding company based in the Netherlands and subsidiary of the Amorim Group.

John Crabb - Journalist

Jurisdiction:

Portugal

Deal type:

Financial restructuring

Practice area:

Banking

Governing law:

Portugal

Industry sector:

Energy

Firms:
AAA Advogados

Party: Amorim Energia (Borrower)

Uría Menéndez – Proença de Carvalho

Party: Bank of America (Lender)

Party: BTG Pactual (Lender)

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