Refinancing of debt for a major Russian manufacturer
Project Objectives
Restructuring of bad debt (creditor — large manufacturer in Russia (household chemicals, food products), the plants — pledged property) in the amount of 30 billion rubles
Financial control over the activities of the plants
Tax structuring of the debt’s assignment with a discount
Results
Setting up a financial control system for the plants' activities
Conducting regular financial audits of the plants
Negotiations with banks regarding refinancing of the debt, an interested bank was found
Deal structure was developed and agreed with minimal tax risks and consequences
Deal closing reading 30 billion rubles debt refinancing with the largest Russian bank