Arendt advised an ad hoc group of noteholders in the restructuring of the Takko Fashion group

Arendt advised an ad hoc group of noteholders in relation to the consensual restructuring of the Takko Fashion group's financial debt

31/08/2023

#DEAL #RESTRUCTURING #INSOLVENCY

Arendt advised an ad hoc group of noteholders (the ‘AHG’) in relation to the consensual €830m restructuring of the Takko Fashion group's financial debt. The cross-border transaction involved a tender and exchange offer and consent solicitation for the purpose of delivering a debt-for-equity swap and debt-for-debt swap that reduced leverage by more than €250m.

Takko Fashion is a leading European fashion discounter, with almost 2,000 stores across 17 countries.  Following the restructuring, the Takko Fashion group is better positioned to continue its growth, with a new long-term capital structure and the AHG as majority shareholders.

Our Arendt experts involved

> Restructuring & Insolvency | Corporate Law, Mergers & Acquisitions: Sébastien Binard, Valentina d’Eufemia, Etienne Barthel, Kerem Guler and Nataliia Filimonova
> Finance & Capital Markets: Matthieu Taillandier, Dominik Pauly, Nicolas Tintanne, Pauline Zigrand and Peter Vedev
> Tax Law: Philipp Jost, Alexandre Durand and Adnand Sulejmani

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