Maghreb Steel Dh6 billion debt refinancing

Overview:

• Moroccan steel company Maghreb Steel completed the Dh6 billion restructuring of its banking and private debt. 
• At approximately $613 million this is the largest financial restructuring to have taken place to date in Morocco.
• A syndicate of national banks including Attijariwafa Bank, Banque Populaire du Maroc, BMCE Bank, BMCI and Crédit du Maroc acted as lenders to the company. 
• Norton Rose Fulbright (Alain Malek) acted as legal advisor to Maghreb Steel. 
• Clifford Chance (Mustapha Mourahib) advised the lenders. 

John Crabb - Journalist - EMEA