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Abengoa €3.4 billion debt restructuring

10/5/2019
Bond/note restructuring, Financial restructuring
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€ 3.4 billion

$ 3.818 billion

Completed

10/5/2019

Overview:

  • Abengoa completed a €3.4 billion debt restructuring.
  • Abengoa is a Spanish multinational working within the infrastructure, energy, telecoms and water sectors.
  • The senior old money committee swapped existing notes for mandatory convertible notes of approximately €1.15 billion and $562 million in value.
  • The deal also incorporated a new money element. 

Laura Mendes - Researcher

Jurisdictions:

Spain
United Kingdom

Deal types:

Bond/note restructuring
Financial restructuring

Practice area:

Restructuring

Governing laws:

England and Wales
Spain

Industry sector:

Energy

Firms:
Gómez-Acebo & Pombo

Party: Senior old money committee (Creditors)

Lawyers: Ferran Foix Miralles, Miguel Lamo de Espinosa Abarca, Santiago Gómez-Acebo Carvajal

Milbank

Party: Senior old money committee (Creditors)

Lawyers: Sinjini Saha, Yushan Ng

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