Legal Services
Whitecase
Full Credential Description
iQera, a European leader in debt management and debt purchasing, faced significant financial challenges that necessitated a comprehensive restructuring of its operations. The company was burdened with substantial debt, which required a strategic approach to alleviate its financial strain and ensure long-term viability. To address these issues, White Case LLP provided tailored legal advice to the outgoing shareholders during the financial restructuring process. This involved negotiating a financial restructuring agreement that included a €210 million reduction in iQeras debt. The solution encompassed a partial conversion of existing bonds into equity, rescheduling repayment deadlines, lowering interest rates, and establishing a new €30 million liquidity line that would be accessible over the next two years. Additionally, the restructuring plan facilitated a change of control, with AGG Capital Management Limited, a fund wholly owned by Arrow Global, becoming the new majority shareholder of iQera. The restructuring was officially approved by the Paris Commercial Court on April 22, 2025, and concluded on May 28, 2025. This strategic intervention not only alleviated iQeras immediate financial burdens but also positioned the company for future growth and stability in the competitive debt management industry.