Clifford Chance advised TAV Tunisia and its shareholders on its groundbreaking debt restructuring resulting in its senior debt and hedge accounts totaling €435.1m being partly repaid at a discount and partly converted into senior debt and Tunisian participating shares giving the right to the lenders to excess cashflows of TAV Tunisia after debt service.
TAV Tunisia is the operator of the Enfidha-Hammamet and of the Monastir Airports in Tunisia.
The Clifford Chance team members comprised Delphine Siino Courtin, partner, Sohini Kar-Purkayastha, counsel, and Cecely Richard-Carvajal, associate.
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