Plant World
Restructuring of the financing facilities
- In 2023, Avaxa was engaged by Plant World for the restructuring of the financing facilities due to a lagging financial performance, leading to an unexpected liquidity shortage.
- Avaxa has been involved in setting up a restructuring plan, with the envisaged solution including a postponement of repayments, equity injection and a covenant reset
- Furthermore, Avaxa is leading negotiations with the Restructuring department of the incumbent bank, whilst aligning all stakeholders, aimed at striking a consensual solution, with the objective of creating a going concern for the company.
