Ahmed & Qazi

PKR 4B SBL Omni Restructuring of 15 Facilities Closed Today

Today, representing Sindh Bank, A&Q has successfully completed the restructuring of PKR 4 billion liabilities of two Omni Group companies, namely Chambar Sugar Mills and Larr Sugar Mills.

The restructured liabilities arose from 15 facilities which included long-term, cash finance and lease finance facilities. The deal required a number of complex and challenging legal areas to be covered, and was approved by the Honourable SHC.

In order to safeguard SBL’s interest, the entire transaction was directly handled by Nadeem Ahmed (Senior Counsel) who was assisted by various lawyers from the corporate and litigation sections.