Linklaters has advised Steinhoff International Holdings N.V. and its subsidiaries on the debt and equity restructuring undertaken through a Dutch law WHOA Restructuring Plan that completed on 30 June 2023. Amongst other things, the Plan facilitates the extension of maturities of the Steinhoff Group Services’ Debt to at least 30 June 2026 and implements an equity reorganisation.
This most recent restructuring by Steinhoff follows the financial restructuring completed in August 2019 and implementation of the global litigation settlement in February 2022.
The cross-border Linklaters team was led by partners Richard Bussell, Paul Kuipers and Juliana Leite de Barros, supported by Daniella Strik, Jan Willem de Boer and Guido Portier. The London Restructuring & Insolvency team included managing associates Ilya Andalashvili and Jason Heron, associates Amy Kidd, Cameron Kigonya, Charlotte Spanner, and Karandeep Deol, and corporate and structured lending associate Ifeanyi Chukwulobelu. The Amsterdam team included counsel Jaap Geleijns, managing associates Marc Noldus and Carolien Lode, and associates Bob Meijer, Yenny Mak, Bas van Niekerk, Joris Knoll and Esther van der Meulen.
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