Linklaters Advises Standard Profil Automotive GmbH on Restructuring of c. EUR 350 Million Indebtedness

Linklaters advised Standard Profil Automotive GmbH on the restructuring of its financial indebtedness. The transaction restructured the company's approximately EUR 350 million of financial liabilities. The restructuring of the English-law governed EUR 275 million senior secured notes was implemented by way of a scheme of arrangement under Part 26 of the UK Companies Act 2006 and was sanctioned by the High Court of Justice of England and Wales. As part of the measures, the existing senior secured notes, term loan and bridge financing were replaced by new financial instruments, creating a sustainable capital structure and facilitating a cash injection of EUR 145 million by existing creditors, who will also acquire equity ownership of the Standard Profil Group. Standard Profil Group, headquartered in Eschborn, is a global automotive supplier specialising in the development and production of sealing systems for the automotive industry. Linklaters represented client(s) Standard Profil Automotive GmbH with a team composed by: Riaz Janjuah (Partner, Restructuring & Insolvency, Hamburg); Ewan Smith (Managing Associate, Restructuring & Insolvency, London); Richard Hodgson (Partner, Restructuring and Insolvency, London); Michal Hlasek (Partner, Banking, Frankfurt); Christianne Williams (Partner, Banking, London); Oliver Rosenberg (Partner, Steuerrecht, Düsseldorf); David-Julien dos Santos Goncalves (Partner, Antitrust & Foreign Investment, Dusseldorf); Kirsten Placke (Counsel, Tax, Düsseldorf); Alexandra Selezneva (Managing Associate, Banking, Düsseldorf); Gregory Wloch (Managing Associate, Litigation, Arbitration & Investigations, London); Mikolaj Orzazewski (Associate, Restructuring and Insolvency, London); Julian Koch (Associate, Restructuring and Insolvency, Frankfurt); Niklas Wilhelm (Associate, Restructuring and Insolvency, Hamburg); Dr. Phillip Bergjans (Associate, Banking, Frankfurt); Dr. Johannes Gottwald (Associate, Banking, Hamburg); Dr. Marcel Scholz (Associate, Tax, Düsseldorf); Samy Amirouchen (Associate, Banking, London); India Short (Associate, Litigation, Arbitration & Investigations, London); Bhavisha Sharma (Associate, Litigation, Arbitration & Investigations, London); and Zaheen Akram (Trainee Solicitor, Restructuring & Insolvency, London).

Linklaters Advises Standard Profil Automotive GmbH on Restructuring of c. EUR 350 Million Indebtedness

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