Arthur Cox advises on restructuring the Rolf Group

25-02-2010

Glenn Butt,  Caroline Devlin, Ailis Garvey and Alan Heuston of Arthur Cox have advised a syndicate of five banks on the Irish aspects of a US$ 500 million cross-border refinancing of the debt of the ROLF Group, one of Russia’s leading automotive retails and distribution groups and the largest importer and retailer of foreign-made cars in Russia. The transaction involved the Russian entities of The Royal Bank of Scotland plc, Commerzbank, Unicredit, Citibank and ING refinancing bilateral facilities with members of the Rolf Group with the proceeds of a new syndicated facility.

This transaction has been shortlisted for Restructuring Deal of the Year at the International Financial Law Review Awards which will take place on 18 March 2010.