Sector: Finance; Real Estate; Restructuring
Practice Area: Corporate & Commercial; Distressed, Special Situation & Loan Market Transactions
The firm has successfully acted for an international investment company in closing a cross-border secondary market loan transaction involving complex matters of restructuring, loan assignments, and security collateral transfers, based on several framework and multiple implementation agreements.
The loans were secured by underlying assets linked to several corporate insolvencies, burdened by multiple disputes over the years, and the closing mechanisms involved several tranches of payments against performance and release of escrow-protected documents.
The underlying assets were lucrative hospitality development assets, which served as the basis for the valuation of the claims.
Having acquired the loans through a primary sale from the originators, the seller’s exit marks another successful investment cycle in regional assets.
