Ahmed & Qazi

A&Q CLOSES PKR 5 BILLION RESTRUCTURINGS FOR HOTELIER COMPANY

Representing two separate banks, A&Q has closed Rs 5B debt restructurings of Pakistan Services, the owner company of Pearl Continental Hotels.

The restructurings involved the sale of certain non-core assets, with a sponsor support arrangement also being put in place.

A&Q team was led by Nazif Ahmed (Head — Corporate).