Cuatrecasas advises Standard Profil Automotive on high-yield bond issue and on Group’s financial restructuring
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SubscribeCuatrecasas has advised Standard Profil Automotive and its subsidiaries in Spain and Mexico on a high-yield issue of senior secured bonds for a maximum amount of €145 million, as part of the financial restructuring of the Standard Profil Group. The bonds are governed by New York law, maturing in 2030.
The financial restructuring was carried out in accordance with a scheme of arrangement under Part 26 of the UK Companies Act 2006, which was sanctioned by the High Court of Justice of England and Wales. The transaction has enabled Standard Profil Automotive to strengthen its financial position and capital structure, as well as boost its growth potential.
The jurisdictions affected by the transaction were Germany, New York, Spain, Mexico, Bulgaria, Luxembourg, and Turkey. Cuatrecasas participated in this crossborder transaction with the interdisciplinary collaboration of other UK, US, and international law firms.
The Cuatrecasas advisory team was led by lawyers from the Finance Practice: Jaime de la Torre, Álvaro Heras, and Miguel Sainz de los Terreros (Madrid); and Gizeh Polo, León López, and Ricardo Isaac Medina (Mexico City).
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