Uría Menéndez advised Grupo Cerealto on its recapitalisation and debt restructuring

Uría Menéndez advised Grupo Cerealto Siro on its recapitalisation and debt restructuring by means of (i) the lenders assigning the existing debt ("Acquired Debt") in favour of Davidson Kempner Capital Management and Afendis Capital Management, as investors ("Investors"), except for certain financial debt, which was assumed by the Group and [to be] repaid with the proceeds from the sale of a number of assets unrelated to the business; (ii) the Investors’ capitalising the Acquired Debt; and (iii) the Investors’ injecting additional funds into the Group.

Team: Carlos de Cárdenas (partner, Finance, Madrid), Ángel Alonso (partner, Restructuring and solvency, Madrid) and Lucas Delclaux (associate, Finance, Madrid)