Ahmed & Qazi is pleased to announce that as lenders’ counsel, it has successfully closed a PKR 2 billion hashtag#debt restructuring of a leading conglomerate in the hashtag#hospitality & hotel sector. 🏨
The restructuring included the sale of multiple borrower assets and hashtag#hotel(s), and the routing of funds through a complex hashtag#escrow and collection hashtag#accounts waterfall. 🏢
In addition, A&Q put in place comprehensive inter-lender mechanics to govern the hashtag#restructuring exercises to be conducted later on with all the other lenders of the borrower. 🛠️
As part of the security, the borrower also procured sponsor support in the forms of hashtag#equity injection and subordinated debt. 💵
A&Q team was led by Nazif Ahmed (Head – Corporate) and Altan Ahmed (Managing Associate), who were assisted by a team of associates at the firm.
