CDT Legal advises aerospace company on debt restructuring and majority shareholding acquisition
Casucci – Di Tardo & Associati advised and assisted Italian leading aerospace Company in its debt restructuring plans and majority shareholding acquisition by a foreign investment fund. The Company designs, manufactures and supplies aerostructures (including sections of aircraft fuselages, pax floors, cockpits, tailcones, fan cowls, ramps, cargo doors, slide boxes, horizontal stabilizers, helicopter’s fuselages, helicopter tail booms and helicopter rear fuselages) to all world's leading manufacturer of airplanes and helicopters.
The debt restructuring agreements pursuant to Art. 182-bis and 182-ter of Italian Bankruptcy Law were successfully reached with over 90% of the creditors, including banks and Tax and Social Security Authorities. The transaction with the foreign fund was completed during the month of December 2017 and provides for the fund of a €60 million bond in favor of CDT Legal’s Client.
CDT Legal has in particular assisted the Company in: - The negotiation and entering into of the agreements with the creditors for the implementation of the debt restructuring plans; - The formalities for, and validation of, the debt restructuring agreement concerning one of the Company’s subsidiaries; - The negotiation, signing and closing of the overall international transaction with the foreign investment fund.