We empower our clients to achieve more such as complex international debt restructurings
When mobile network infrastructure company AIRCOM was bought by private equity company H.I.G. Capital its existing lenders, Barclays and HSBC, needed to make sure that the banking facilities they provided to AIRCOM were appropriately restructured and supported by a cross-border guarantee and security package.
To help to make sure that the deal made sense for Barclays and HSBC, as well as for AIRCOM, we undertook a complex security review and updating exercise, making sure that the required security package was in place across the globe to safeguard the deal and help create a debt structure that met the banks' requirements.
This involved the use of our international offices in Asia and Dubai as well as the use of our close partnerships with firms in Europe and South America. The thoroughness of this work was something that particularly impressed the banks:
"In connection with the restructuring, the Pinsent Masons' team undertook a meticulous job in reviewing and perfecting the banks' guarantee and security package in a number of jurisdictions across Asia, Europe, South America and the Gulf," said Julius Kotzenberg of Barclays.
With H.I.G. pledging support for growth of the AIRCOM business and the company's debt arrangements with Barclays and HSBC restructured to everyone's satisfaction, this was a deal which resulted in more stability and certainty for the banks and their customer.