Frigoglass new funding transaction towards wider debt & capital restructuring

KG advised Frigoglass in connection with the recently announced new funding transaction towards a wider debt and capital restructuring whereby Frigoglass Group achieved an interim financing of up to €55m. from the holders of the existing senior secured notes due 2025 and entered into a lock-up agreement, pursuant to which the parties commit to provide support to implement by January 2023 the transaction aiming at the overall restructuring of the Frigoglass Group’s debt. The KG team was led by Theodore Rakintzis, Partner, Konstantinos Issaias, Partner, Panagiotis Pothos, Partner, Meletios Andrianos, Senior Associate and Maria Karampotsiou, Associate.