Our firm successfully advised the lenders of Schur Flexibles Group, an international sustainable custom packaging solutions manufacturer with presence in Greece through two Greek subsidiaries, in the context of its lender-led financial restructuring.
The deal included the restructuring of the group’s existing debt, the write-down of 75% of its existing debt and the provision of a new financing of EUR 160 million, resulting at the reduction of the group’s leverage.
The lenders legal team included advisors from multiple jurisdictions working in an often-demanding project, with a tight timeline. Our firm advised on Greek corporate and tax law matters with respect to the negotiation of the finance documents and the Greek law governed securities.
Our finance team was led by our partner Nikos Fragos and was assisted by our senior associate Zissis Papazissis and our trainee lawyer Georgios Zervakis. Our tax law team was led by our partner Georgios Minoudis and assisted by our senior associate Eleonora Ligoutsikou and our trainee lawyer Katerina Stathakarou.