Work highlights

Sep 2020

RATIFICATION OF €47 M. DEBT RESTRUCTURING

Our team achieved the ratification of a restructuring agreement in relation to the financial debt of our client, amounting to €47 million, thus saving our client more than €6 million (incl. reduction of 2-year payable interest towards the Greek State and Social Security Funds). The Multi-Member Court of First Instance ratified the agreement as proposed, whereas the creditors’ claims were dismissed in full. Following the ratification, our law firm is mandated to advise the client on the implementation of the restructuring agreement.

Mar 2020

€14.5 m. debt restructuring of a hotel company

KBA Law Firm successfully represented a Greek hotel company owning one 5* hotel before the Multi-Member Court of First Instance in relation to its debt restructuring of €14.5 million. The court ratified the restructuring agreement, as drafted by our team, and dismissed in full the creditors’ claims. Following the ratification of the restructuring agreement, our team is engaged in advising our client on the seamless implementation of the terms of this agreement.

Dec 2019

KBA advises an IT company on the negotiations with a multinational U.S. corporation

Our team advised an IT company active in the field of software and hardware development during the negotiations with a leading multinational U.S. corporation, which resulted in the signing of a long-term licensing agreement

Nov 2019

Acquisition of non-performing loans

Our team advised a private equity fund for the acquisition of non-performing loans (the NPL Portfolio) in shipping.

Nov 2019

Amendment of €38 m. bond loans

KBA Law Firm acted as legal advisor to a Greek independent servicer of non-performing loans on the extension and amendment of four bond loans of total value €38 million.

Oct 2019

Amendment of €18 m. bond loans

KBA Law Firm acted as legal advisor to a Greek independent servicer of non-performing loans on the implementation and amendment of 2 bond loans of total value €18 million.

Aug 2019

€68 m. debt restructuring of a hotel company including creditors’ haircut up to 80%

Our firm successfully represented a Greek hotel company owning two 5* hotels before the Multi-Member Court of First Instance in relation to a debt restructuring of approximately €68 million. Among the key benefits of the restructuring agreement ratified by the court, is remarkable deleveraging, including unsecured creditors’ haircut up to 80%, improved liquidity for our client with a supplementary amount of €11 million to fund its business needs as well as restructuring-related expenses, reduction in interest cost and extension of the maturity of the company’s existing indebtedness for more than 10 years. Following the ratification, our team regularly provides legal support to our client in connection with the implementation of the terms of the restructuring agreement.