EUR 25m

November 2023

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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.