Akin Gump Advises Fairhold Securitisation Limited in £1 Billion Financial Restructuring
Contact:
(London) – Akin Gump has advised Fairhold Securitisation Limited in connection with the £1 billion restructuring of its distressed securitisation structure, which included its £413,700,000 Class A secured floating rate notes due 2017 and £29,800,000 Class B secured floating rate notes due 2017 as well as its swap liabilities.
The closing of the restructuring took place on Friday, September 25. The restructuring resulted in the transfer of the property-owning companies in the Fairhold Group to a new group ultimately owned by Fairhold’s noteholders and swap counterparties.
The Akin Gump team advising Fairhold Securitisation Limited was led by London financial restructuring partner Liz Osborne, supported by restructuring associate Rachel Beddoe, with finance partner Sam Brodie and finance counsel Chris Parrott, corporate partner Vance Chapman and corporate counsel Jasdeep Rai and litigation partner Richard Hornshaw and litigation counsel Tom Laidler.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75
# # #
