Global law firm White & Case LLP has advised the ad hoc bondholders’ committee on the successful consensual recapitalisation of Viaplay Group AB, a Sweden-incorporated Nordic streaming provider and content producer.
The transaction included advising on the amendments to the terms of the bonds to, among other things, extend the maturity, increase the interest rate and implement a debt write-down, as well as the inclusion of a security package and an intercreditor agreement into the structure. A partial debt to equity swap also formed part of the transaction.
The White & Case team in Stockholm which advised on the transaction was led by partners Magnus Wennerhorn and Michael Bark-Jones, and included counsel David Tayler and associates Max Axelsson, Daniel Agnemyr and Jakob Matell.
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Read the orginal article: https://www.whitecase.com/news/press-release/white-case-advises-bondholders-committee-viaplays-comprehensive-recapitalisation