Harneys advises Yestar Healthcare Holdings Company Limited
The Harneys team advised Yestar on the implementation of a scheme of arrangement in the Cayman Islands in order to facilitate a restructuring of Yestar’s outstanding bond liabilities in the aggregate principal amount of US$194.5 million. The restructuring will, amongst other things, allow the company to discharge its liabilities under the outstanding notes.
The sanction of the scheme is a significant milestone towards the holistic restructuring of Yestar’s material indebtedness, which will significantly reduce the debt burden of the Yestar Group and provide it with a long-term, sustainable capital structure that enables the company to stabilise its business and protect the interests of all stakeholders.
The Harneys team was led by Partners Chai Ridgers and Ben Hobden, supported by Counsel Strachan Gray, Senior Associates Sanjev Guna, Benjamin Bronzon and Caitlin Murdock, and Associate Celine Kee.
Harneys’ dedicated Global Restructuring Group offers specialist expertise required to navigate the complexities which can arise for a distressed company in a cross-border environment. Led by a team of ranked partners, the group works closely with the firm’s formidable Transactional, Litigation, Funds, Trusts, Tax and Regulatory teams, providing clients with a seamless service and bespoke legal advice that is tailored to their individual needs.
