Consolis Group completes restructuring with advisory support from A&O Shearman for RCF lenders

Consolis provides sustainable and smart precast concrete structures for the building and utilities sectors. With operations in 17 countries throughout the world, including Western Europe, the Nordics and the Baltics, the group generated EUR1 billion of sales in 2023.

Following completion, the lenders have extended their super senior RCF by three years until 2028, and holders of the existing senior secured notes have become the majority shareholders of the Group through a debt-for-equity swap and participation in a new loan financing. Consolis expects the transaction to result in a material reduction in cash pay interest payable by it to further improve liquidity and cashflow, used to fund investment into the business.

Commenting on the deal, lead partner James Graham remarked, “The transaction signifies a pivotal milestone for Consolis and it was important for our clients that it was delivered quickly and seamlessly in order to provide the best platform for the company to succeed. Our cross-border restructuring and debt finance team was uniquely placed to deliver on that."

The A&O Shearman team was led from London by restructuring partner Joel Ferguson and debt finance partner James Graham, and support from senior associate Milan Sykora alongside associates Saleni Pravin Kumar and Connor Anear, with trainee Ned Walker. The team in Paris was led by partners Hector Arroyo and Thomas Roy alongside partner Aroen Kuitenbrouwer in Amsterdam.