Wakefield Quin advises Roust Trading Ltd. in Chapter 11 Pre-packaged Plan of Reorganization
- February 2017
Wakefield Quin represented Roust Trading Ltd. and its Bermuda affiliates in connection with Roust Corporation’s Chapter 11 Pre-packaged Plan of Reorganization in the U.S. The transaction resulted in the reduction of the group’s existing debt by approximately $462 million, plus facilitated funding of $55 million in new equity capital and involved the contribution by Roust Trading Ltd. of strategic assets to Roust Corporation, including the market-leading global brand, Russian Standard Vodka.
The Wakefield Quin team, acting as Bermuda legal counsel, was led by Ian Stone with the assistance of Jemima Fearnside. Skadden, Arps, Slate, Meagher & Flom LLP, acted as lead counsel to Roust Corporation.