You are here:
14 December 2018 / deal

Loyens & Loeff Luxembourg acted as local legal counsel in the debt restructuring of the Famar Group

We assisted with the corporate legal implementation advice, the solvency advice during the conciliation and mediation process, the tax structuring aspects of the debt restructuring and the finance related advice for the new money injection and related security package.

Adoption of the EU package on medical devices: innovation and safety first!

Loyens & Loeff Luxembourg acted as local legal counsel in the debt restructuring of the Famar Group, one of Europe’s leading service providers to the pharmaceutical industry. We assisted with the corporate legal implementation advice, the solvency advice during the conciliation and mediation process, the tax structuring aspects of the debt restructuring and the finance related advice for the new money injection and related security package.

The transaction involved a complicated restructuring of existing debt and a lender led acquisition of the group with a new money injection. It was complex due to the large number of lenders and the different lender groups with varying interests, rankings and creditor rights. The Famar Group operates in a number of jurisdictions, such as Luxembourg, France, Spain, Italy and Greece, all of which required attention in the restructuring process.

Pillarstone was the new money provider with other interested lenders being the largest four Greek banks and other lenders, such as Bain Capital and GSO. The Famar group employs approximately 3,000 persons in its different operating jurisdictions.

Our Corporate, Banking & Finance and Tax teams, led by Michael Scott, Anne-Marie Nicolas and Peter Moons, combined their expertise in advising the Famar Group on this restructuring.



London Buildings with yellow sky - DAC 6 Lux newsflash 18 Feb 2020

DAC 6: Luxembourg amends the bill

The Luxembourg legislator proposes amendments to the original bill to address some concerns expressed by the Council of State. read more

Update on Economic Analysis and Impact Assessment of the Pillar 1 and Pillar 2 proposals

On 13 February 2020, experts from the OECD’s Centre for Tax Policy and Administration and Economics Department provided an update on the preliminary economic... read more

Overview: MLI choices made by the Netherlands, Belgium, Luxembourg and Switzerland

On 7 June 2017, the multilateral instrument (MLI) was signed covering 68 jurisdictions. In the meantime multiple other jurisdictions have signed the MLI raising... read more