10.12.2024 / Deals & Cases

Deal: Wenger Vieli advised Precious Woods on its financial restructuring

Wenger Vieli advised Precious Woods, a global leader in certified and sustainable tropical forest management, on its financial restructuring.

After having entered into a Standstill Agreement, and as part of the restructuring plan implemented after extensive negotiations with the involved stakeholders, the creditors of the holding company agreed to convert loans in the principal amount of CHF 43.5m into equity and to waive their 2024 interests in accordance with the Debt Restructuring Agreement. With this debt-to-equity swap, the holding company of Precious Woods is now to a large extent debt free, which forms a sound basis for future growth in a challenging environment.

The team was co-led by Daniel Oehri (Partner, Restructuring) and Beat Speck (Partner, Corporate) and included Andrea Christen (Senior Associate, Notary Public) and Fabienne Nufer (Associate, Corporate).