The transaction involved the recapitalisation of three series of senior secured notes in aggregate principal amount of EUR 1.24 billion plus CHF 250 million and was implemented by means of an English scheme of arrangement. In parallel, a EUR 150 million revolving credit facility (with a group of bank lenders) was amended and the Group’s sponsor – KKR – advanced EUR 125 million of new capital to the group in addition to KKR’s existing EUR 50 million liquidity facility.
Selecta Group successfully completed a debt restructuring
Loyens & Loeff assisted the Selecta Group, Europe’s leading route-based unattended self-service retailer with over 9,000 employees, providing coffee and convenience food solutions in the workplace and in public spaces, in its successful debt restructuring.
