Norton Rose Fulbright acted as the advisor to the issuer.
R-Logitech, a subsidiary company of Monaco Resources Group (parent of Metalcorp), is located in Europe and Africa. R-Logitech is a port facility operator based in Europe and Africa. It has 50 terminals spread across 30 countries.
The bond was originally launched in 2018, and the original plan was to last until 2023. The bond has been extended until 30 June 2024. The interest coupon will be increased from 1.75% per year to 10.25%. If the extension is extended again, the coupon will be raised to 11.25 percent. The parties involved have also agreed to new termination rights as well as a comprehensive security package. The DMR Legal team negotiated the restructuring concept with the company and its advisors, as well as the investment bank Houlihan Lokey. It was also approved by a majority of bondholders.
DMR Legal provided advice to the group, led by Dr Tobias Moser, partner (Restructuring, Capital Markets). Partner Dr Thomas Ressmann provided advice on the financing aspect. Fabian Wirths and Dr Maximilian Degenhart of the Partner firm Fabian Wirths also provided assistance.