Legal Services
Whitecase
Full Credential Description
Bain Capital, a prominent private investment firm, faced significant challenges with Les Hôtels de Paris, a high-end hotel operator listed on Euronext Paris. The company was undergoing a restructuring process, which included settling its liabilities and financing future development. To address these issues, Bain Capital sought a tailored refinancing solution. White Case LLP provided strategic legal advice for the refinancing, which involved a subscription to super senior bonds amounting to approximately €135 million. This refinancing was part of a comprehensive restructuring plan approved by the Paris Commercial Court on July 11, 2025. The plan encompassed both a reorganization and an asset disposal strategy aimed at stabilizing the companys financial standing. The bonds issued were secured by a post-money privilege and a robust security package, which included a concerting shareholders agreement with the Machefert family, the controlling shareholders of Les Hôtels de Paris. This structured approach not only facilitated the immediate financial needs of the company but also positioned it for future growth and development within the competitive high-end hospitality market.