Financial Advisory
Aoshearman
Full Credential Description
Consolis Group, a prominent European industrial group specializing in sustainable precast concrete structures for the building and utilities sectors, faced significant financial challenges that necessitated a restructuring of its super senior revolving credit facility (RCF). The company, which operates in 17 countries and generated EUR 1 billion in sales in 2023, required a strategic solution to enhance its liquidity and cash flow, enabling further investment in its business. AO Shearman provided tailored advisory support to the lenders involved in the restructuring process. The solution involved extending the super senior RCF by three years, until 2028, and facilitating a debt-for-equity swap that allowed holders of the existing senior secured notes to become the majority shareholders of Consolis. This restructuring was designed to materially reduce the cash pay interest obligations of Consolis, thereby improving its financial position and operational flexibility. The successful execution of this transaction was crucial for Consolis, as it not only stabilized the companys financial standing but also positioned it for future growth. Lead partner James Graham emphasized the importance of delivering the restructuring quickly and seamlessly to create a solid foundation for the companys success. The collaborative efforts of the cross-border restructuring and debt finance team at AO Shearman were instrumental in achieving these outcomes, ensuring that Consolis could focus on its core business objectives moving forward.