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Weil advised an ad-hoc group of noteholders in relation to the consensual recapitalization and financial restructuring of Frigoglass S.A.I.C. and the group of companies formerly controlled by it (the Frigoglass Group). The Frigoglass Group is a Greece-based manufacturer of commercial refrigerators as well as a leading manufacturer of frozen packaging, with operations in Europe, the Middle East, Africa and Asia.
The restructuring was completed on April 27, 2023 and was implemented by way of a consensual and coordinated security enforcement process, including a Dutch law share pledge enforcement (following Dutch court approval obtained on April 12, 2023).
Following implementation, 85% of the share capital of new Frigoglass Group is ultimat…
Read the full article at: https://www.weil.com/articles/weil-advises-on-the-restructuring-of-frigoglass-group