Arendt advises an ad hoc group of lenders to OQ Chemicals Group on Recapitalisation

Experts involved in the Deal:

Arendt & Medernach SA, alongside Akin Gump Strauss Hauer & Feld LLP, advised an ad hoc group of lenders to the OQ Chemicals Group, one of the world’s largest manufacturers of oxo chemicals, on the Group’s recapitalisation and amendment of its existing facilities. OQ Chemicals Group employs more than 1,400 people worldwide at their plants in Germany, the United States and China.

In connection with the Group’s recapitalisation, certain lenders became the new shareholders of the Group following a partial equitisation of existing loans and injection of new equity. The transaction was implemented consensually, following overwhelming support from the Group’s lenders under its existing senior credit facilities. The transaction successfully closed on 8 April 2025.