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.
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.
Koen PanisPartner Attorney at law
Koen Panis is a partner in our Brussels office where he is a member of the Banking & Finance Practice Group, the Energy Team and the Real Estate Team. He specialises in international and local finance transactions.T: +32 2 773 23 90 M: +32 497 53 38 36 E: [email protected]
Thierry LohestPartner Attorney at law / Avocat à la Cour
Thierry Lohest, partner, is a member of the Corporate Practice Group in our Luxembourg office. He focuses on mergers and acquisitions, corporate finance, capital markets and restructurings for multinationals.T: +352 466 230 216 / +852 3763 9363 M: +32 4 97 50 21 11 E: [email protected]