29 September 2020
Carey Olsen advises committee of lenders in relation to FatFace restructuring
Carey Olsen has acted alongside Latham & Watkins on the successful consensual debt-for-equity financial restructuring of FatFace, the well-known British retail and multichannel lifestyle brand.
The restructuring involved a significant reduction of the group's operating leverage and £15 million of committed new financing to enable the group to invest in and deliver its current business strategy whilst also supporting any funding requirements arising as a consequence of the coronavirus (COVID-19).
As part of the transaction, ownership of the FatFace group has transitioned to the group's lenders who were represented by Carey Olsen in Jersey.