Eroski—a Spanish supermarket chain—has undergone its largest restructuring to date at €3 billion.
The deal included the unification and restatement of two separate syndicated facilities and the restructuring of numerous recourses arising from several of Eroski Group’s real estate projects.
The restructuring of the security package encompassed several floating real estate mortgages, mortgages over trademarks and pledges over shares, credit rights and bank accounts.
It also included a commitment to restructure the securities issued by Eroski amounting to over €600 million, which was completed in January 2016.