Debt restructuring with regard to “A” class business center
Project Objectives
Restructuring of bad debt (creditor — owner of the business center (BC), BC — pledged property) in the amount of 1 billion rubles
Financial control over the activities of the BC (Class A office in St. Petersburg)
Results
Setting up a management reporting system for the BC
Setting up a financial control system for the BC
Conducting regular financial and technical audits of the BC
Negotiations with banks regarding refinancing of the debt, finding an interested bank for the deal
Preparation and agreement of a separate contract under English law (hedging interest rate risk), provisions of this contract were used to strengthen a negotiation position
Closing a refinancing deal in the amount of 1 billion rubles with the largest Russian bank