MUNICH, December 15 /PRNewswire/ — Schoeller Arca Systems announced that it has successfully restructured its debts with the backing of its shareholders.
After a court in the Netherlands has approved the restructuring plan for Schoeller Arca Systems, the borrower, requested by the senior lenders, has sold the business in a pre-packaged sale to a new entity of the old shareholders, who remain important to ensure the continuation of the business. Schoeller Arca had made several balanced proposals which were continuously rejected and therefore had made a court ruling necessary.
The restructuring involved significant new equity injection from the existing shareholders. Schoeller Arca is substantially deleveraged by this restructuring which makes it fit for the current market environment.
The restructuring was advised among others by Latham&Watkins, Houlihan Lokey and Nauta Dutilh.
Schoeller Arca Systems is the global market leader for returnable transport containers and pallets, for materials handling, offering a broad range of products which improve its customers’ logistics, carbon footprint and support their brand. Combining a global presence with local partnerships in over 50 countries, it provides reliable, high quality and sustainable returnable packaging systems and services to a diverse range of industries including beverages, automotive, agriculture, pharmacy, retail and postal services. For further information see http://www.schoellerarca.com.
