DLA Piper advises on the restructuring of Hanover Investment’s €110 million financial debt
DLA Piper has advised Hanover Investment and Inmark Socimi on a strategic restructuring of their €110 million financial debt, which included the reduction of senior debt with the incorporation of new mezzanine financing worth €22 million.
The firm team leading the transaction was composed of Juan Verdugo, partner in charge of restructuring, Marta Clemente, legal director, and Víctor Sanjuan, associate.
In the words of Juan Verdugo: ‘We are very pleased to have helped Hanover adjust its balance sheet in record time, coordinating perfectly with the new lender and the banks, which have shown flexibility and full commitment.’
