ODI Advises on DZS Group Financial Restructuring
ODI has advised SKB Banka D.D. Ljubljana as a financial creditor on the court-sanctioned procedure of preventive restructuring of approximately EUR 200 million of financial debt of the DZS Group companies Delo Prodaja, d.d., Terme Catez d.d., and DZS d.d.
According to ODI, “this is the second restructuring of these DZS Group companies within the past three years, whereas the first restructuring has been conducted out-of-court. The lender York Global Finance Offshore BDH (Luxemburg) S.a.r.l was advised by Wolf Theiss Slovenia.”
ODI Senior Associate Lea Vatovec advised SKB d.d. in all three preventive restructuring procedures. Prior to instigating the procedure for debtor Delo Prodaja, d.d., ODI reviewed and negotiated the master restructuring agreement and advised financial creditor SKB d.d. on a potential spin-off in the out-of-court restructuring. ODI’s work in relation to preventive restructurings of Terme Catez and DZS predominantly involved an analysis of the legal consequences of the preventive restructuring procedures.