IFLR1000

Genan €300 million restructuring

1/5/2015
Financial restructuring
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€ 300 million

$ 321.75 million

Completed

1/5/2015

Overview:

  • The Genan group, a rubber recycling company, has undergone a €300 million financial restructuring. 
  • Danske Bank, FIH Erhvervsbank, Handelsbanken and SEB acted as lenders on the matter. 
  • The restructuring follows the acquisition, in August 2014, of a 97% stake in Genan by Danish pension fund PKA. 

Rani Mehta - Journalist

Jurisdiction:

Denmark

Deal type:

Financial restructuring

Practice areas:

Banking
Restructuring and insolvency

Governing law:

Denmark

Industry sector:

Construction and materials

Firms:
DLA Piper

Party: PKA (Investor)

Lawyer: Joachim Kundert Jensen

Kromann Reumert

Party: SEB (Lender)

Party: Svenska Handelsbanken (Lender)

Party: FIH Erhvervsbank (Lender)

Party: Danske Bank (Lender)

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