Schoenherr has advised Slovenian creditor financial institutions in the debt restructuring of Laško Group, a major regional beverage manufacturer and distributor whose companies include Pivovarna Laško (the largest brewery in Slovenia and a major brewery in the region), Pivovarna Union and Radenska Radenci (Slovenia’s leading water distributor).
The value of the outstanding loan debt addressed by this debt restructuring is €330m (£270m).
Schoenherr advised the steering committee of the lenders of Laško Group. The steering committee comprises Hypo Alpe-Adria-Bank, UniCredit Banka Slovenija, Nova Ljubljanska banka, Nova KBM and Abanka Vipa.
This debt restructuring was a unique case in the Slovenian market because of the complex corporate structure of Laško Group, in which some lenders are simultaneously shareholders and in which various groups of lenders are present on different levels of Laško Group.
Lawyers working on the matter were Maja Žgajnar (banking and finance), Alexander Popp (corporate/M&A), Branko Čevriz (banking and finance), Daniela Hohenegg (banking and finance) and Manuel Ritt-Huemer (corporate/M&A).
Laško Group was advised by Wolf Theiss.