"DLA Piper Advises on Levante UD's Restructuring Plan for Economic Viability"

"DLA Piper has assisted Fasanara Capital and Tifosy Capital & Advisory in negotiating a restructuring plan for Levante Unión Deportiva, aimed at ensuring the football club's economic viability. The plan involves selling certain sporting assets, including players and the women's team, and includes a repayment mechanism for financial credits, supported by Edmond de Rothschild. The repayment schedule extends through 2027 or 2028, with options for deferred credit and debt-to-equity conversion."

DLA Piper has advised the funds managed by Fasanara Capital, in coordination with Tifosy Capital & Advisory, on the negotiation of Levante Unión Deportiva’s restructuring plan. The transaction is part of the football club's efforts to ensure its economic viability and involves the sale of certain sporting assets, including players and the women’s team. The restructuring plan includes a priority repayment mechanism for Tifosy’s and Fasanara’s financial credits, supported by Edmond de Rothschild as another secured financial creditor. It establishes a repayment schedule extending through 2027 or 2028, with options for deferred credit and debt-to-equity conversion. The DLA Piper team involved in this transaction included Juan Verdugo, partner and head of restructuring; Álvaro Pastrana, senior associate in restructuring; and Alberto Rubio, senior associate in finance.

"DLA Piper Advises on Levante UD's Restructuring Plan for Economic Viability"

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