Akin Deal Wins Restructuring Deal of the Year at IFLR Europe Awards 2023
Contact:
Akin is pleased to announce that the $1.5 billion ED&F Man restructuring, on which Akin advised the holders of various private placement notes issued by ED&F Man Treasury Management plc, has won Restructuring Deal of the Year in the IFLR Europe Awards 2023.
As noted by IFLR in its profile of the deal, “the project marks the first ever full debt and equity restructuring under the UK Restructuring Plan, marking a final test for a legal key tool in Europe’s restructuring landscape.” Other notable aspects include ED&F Man’s complex capital structure, with two classes of equity and five classes of debt amounting to $1.5 billion.
Akin financial restructuring partners Barry Russell and Tom Bannister led the deal team advising the client group. More information about Akin’s work on the restructuring can be found here.
