Finance Monthly - August 2023

About the Deal DMR Legal advised an ad hoc group representing bondholders of a €200 million bond operated by port logistics operator R-Logitech on its successful restructuring. Norton Rose Fulbright advised the issuer. R-Logitech is a subsidiary of Monaco Resources Group, itself the parent company of metals and minerals firm Metalcorp. R-Logitech operates port facilities primarily in Europe and Africa, with a total of 50 terminals present across more than 30 countries worldwide. The bond was launched in 2018 and originally scheduled to run until 2023. It has now been extended to 30 June 2024, with the interest coupon to be increased by 1.75% to 10.25% annually. In the event of a further extension, the coupon should be increased to 11.25%. Involved parties have also agreed on new termination rights and a comprehensive security package. The restructuring concept was negotiated by the DMR Legal team together with the company, its advisors and investment bank Houlihan Lokey, and was approved by a large majority of bondholders. DMR Legal advised the group with a team led by partner Dr Tobias Moser (Restructuring, Capital Markets). Partner Dr Thomas Ressmann advised on financing aspects. Partner Dr Maximilian Degenhart, and associate Fabian Wirths, also assisted. €200M BOND R-LOGITECH’S The Restructuring of Legal Advisor to the €200m bondholders: Advisor to R-Logitech: Transaction Reports 76 Finance Monthly.

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