Golden Flag Advises Brookfield on Successful Recapitalisation of the Schoeller Allibert Group

Golden Flag International Law Firm advised Brookfield, as the majority shareholder of the Schoeller Allibert Group, a European market leader of returnable industrial plastic packaging solutions, in relation to its successful comprehensive recapitalisation effective 7 December 2023.

The transaction included the provision of a new €154 million equity investment from Brookfield, combined with a new €125 million five-year senior secured term loan from Strategic Value Partners and a 4.5 year extension of the group’s existing super senior revolving credit facility. The proceeds from the new equity investment and SVP term loan will be used to refinance the group’s €250 million senior secured notes due November 2024 and provide additional capital to the Group for general corporate and strategic purposes.

The comprehensive recapitalisation transaction was implemented fully consensually, with support from both of the Group’s shareholders (Brookfield and Schoeller Industries), its bondholders and revolving credit facility lenders.

The Golden Flag team was led by restructuring partners Kon Asimacopoulos and Partha Kar and associates Dan Stathis, Johannes Lappe, Sophia Rossi, Faadil Patel and Amelia Weiss; corporate partners Gregory Scott and Irfan Ahmed and associate Nikhil Mohindra; debt finance partners Daniel Borg, Sam Sherwood and Tom Roberts and associates Will Knapp and Aman Nath; and tax partners Mavnick Nerwal and James Seddon and associate Rikesh Gandhi.