Leipzig – Lloyd Fonds AG has agreed a moratorium with its banks for debt management purposes.
Lloyd Fonds, which has been listed on the Frankfurt Stock Exchange since 2005, is a leading issuer of closed-end funds in Germany. The Hamburg-based company has launched 100 funds since 1995, with assets under management of around EUR 4.4 billion. Lloyd Fonds focuses on the asset classes transport (shipping and secondary market) and real estate.
A team from CMS Hasche Sigle led by Rolf-Christian Stratz, Dr Marc Riede and Dr Jörg Lips advised Lloyd Fonds AG’s banks on all aspects of the restructuring project.
The banks are receiving various considerations in return for suspending guarantees and contingent liabilities of more than EUR 200 million. Lloyd Fonds AG may be fully released from liability after the moratorium.
The major existing shareholders of Lloyd Fonds AG support the plan and are making their own contributions to the restructuring process.
Advisers CMS Hasche Sigle:
Rolf-Christian Stratz, Restructuring (Lead Partner)
Dr Jörg Lips, Corporate (Project Coordination)
Dr Marc Riede, Banking & Finance
Julia Runge, Banking & Finance
Dr Christian von Lenthe, Corporate
Juliane Stephan, Corporate
Arne Burmester, Corporate
Dr Annette Happ, Corporate
Dr Kolja Petrovicki, Corporate
Dennis Stanek, Corporate
Dr Andreas Zanner, Capital Markets
Dr Jochen Schlotter, Capital Markets
Dr Hilke Herchen, Capital Markets
Dr Rolf Leithaus, Insolvency
Dr Anne Deike Riewe, Insolvency
Dr Hermann Stapenhorst, Real Estate
Dr Gerd Schmidt, Real Estate
Jesko Nobiling, Tax
Dr Adina Kessler-Jensch, IT Law
Dr Karsten Sturm, Litigation
Banks represented by CMS Hasche Sigle:
NORD/LB Norddeutsche Landesbank Girozentrale
HSH Nordbank AG
Bremer Landesbank
IKB Deutsche Industriebank AG
KfW IPEX-Bank GmbH
Commerzbank AG
Raiffeisenlandesbank NÖ-Wien AG
HypoVereinsbank – Member of UniCredit Group
Hamburger Sparkasse AG
Landesbank Hessen-Thüringen
Deutsche Schiffsbank Aktiengesellschaft
DONNER & REUSCHEL Aktiengesellschaft |