Arendt advises ad hoc group of first-lien creditors in Klöckner Pentaplast’s landmark €1.3 billion financial restructuring under US Chapter 11
Arendt & Medernach advised the ad hoc group of first-lien creditors of Klöckner Pentaplast on all Luxembourg law aspects of the successful €1.3 billion cross-border restructuring of Klöckner Pentaplast under a US Chapter 11 process.
Experts involved in the Deal
Restructuring & Insolvency
- Grégory Minne
- Sébastien Binard
- Clara Mara-Marhuenda
- Serge Zeien
- Valentina d’Eufemia
- Messaouda Benbouzid
- Nicolas Tintanne
- Magedeline Mounir
- Nataliia Filimonova,
- Kerem Guler
- Deborah Tosi
- Louis Salles
- Emilie Gassier
- Burak Aytaç
- Dylan Corcoran
- Abdel Charguia
- Emilie Probst
- Maya Laure Menon
Tax
- Jan Neugebauer
- Marie Mousselon
- Jonathan Lagarmite
Arendt advised the ad hoc group of first-lien creditors in relation to the €1.3 billion restructuring of the Klöckner Pentaplast group’s financial debt. This cross-border transaction involved Chapter 11 proceedings in the United States for the purpose of delivering, inter alia, a debt-for-equity swap under which the first-lien creditors took ownership of 100% of the group’s equity. The restructuring helped to achieve a significantly strengthened balance sheet and enhanced financial flexibility.
Klöckner Pentaplast is a global leader in the plastic packaging products sector, with more than 30 facilities in 18 countries and more than 5,000 employees worldwide, shaping the future of sustainable, high-performance packaging and film solution.
Contacts
Grégory Minne
Partner
Sébastien Binard
Partner
Clara Mara-Marhuenda
Partner
Serge Zeien
Partner
Valentina D'Eufemia
Counsel
Messaouda Benbouzid
Counsel
Nicolas Tintanne
Counsel
Magedeline Mounir
Counsel
Jan Neugebauer
Partner