Global law firm White & Case LLP has advised the outgoing shareholders on the financial restructuring of iQera, a European leader in debt management and debt purchasing.
Following the agreement in principle reached on December 5, 2024, and the lock-up agreement concluded on December 9, 2024 with its shareholders and a majority of its main creditors, iQera announced the completion of its financial restructuring. It was approved by the Paris Commercial Court on April 22 and officially concluded on May 28, 2025.
The financial restructuring agreement includes a €210 million reduction in iQera’s debt, through a partial conversion of its bonds into equity, a rescheduling of its repayment deadlines, lower interest rates, and the provision of a new €30 million liquidity line accessible over two years.
The plan also involves a change of control, with the entry of a fund managed by AGG Capital Management Limited (wholly owned by Arrow Global) as the new majority shareholder of iQera.
The White & Case team which advised on the transaction was led by partners Saam Golshani and Nathalie Nègre-Eveillard (both Paris) and included partners Estelle Philippi (Paris), James Greene and Anna Soroka (both London) and associates Henri Stiegler, Julien Faure, Martin Berton, Aliénor Huchot and Claire Sardet (all Paris).
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Read the orginal article: https://www.whitecase.com/news/press-release/white-case-advises-iqeras-financial-restructuring
