Willkie advised bondholders in connection with the refinancing of emeis SA (Paris: EMEIS), which includes a total of €3.15 billion in new financing for the global care home group.

emeis recently announced that it finalized €3.15 billion in new financing with its banking partners and financial investors, representing a major step in its restructuring. The new financing will allow emeis to refinance its bank debt and position it for an early exit from its accelerated safeguard plan.

The new financing comprises: €2.2 billion in term loans with a maturity of six years €400 million in listed bonds placed with qualified financial investors with a maturity of six years €550 million in loans emeis operates psychiatric clinics, medical and rehabilitation clinics, nursing homes, home care and services, and assisted living facilities in approximately 20 countries worldwide.

The Willkie team representing the bondholders was led by Restructuring partner Batiste Saint-Guily with assistance from associate Joséphine Maire, and included Finance partner Thomas Binet, counsel Ralph Unger and associate Anne Deltombe.