September 1, 2026
Willkie’s Restructuring team advised an ad hoc group of holders of the €250 million 1.5L notes on the €2 billion holistic recapitalisation of the Lowell Group, a European leader in credit management services.
The transaction, announced on 28 August, 2026, will result in a substantial deleveraging of Lowell’s balance sheet by more than £1 billion, the provision of over £500 million in new money, and the transfer of ownership to a newly formed investor group comprised of existing creditors. The completion of the transaction is subject to regulatory approvals and other customary conditions precedent and is expected to occur in Q4 2026/Q1 2027.
The multidisciplinary Willkie team was led by partners Graham Lane and Jason Taylor with assistance from associates Antonia Pegg, Eleanor Chafer and Dina Grego and trainee solicitor Robyn Ma from the London Restructuring group and partner Wolfram Prusko and counsel Dr. Joachim Glöckler from the German Restructuring group. Capital markets advice was provided by partners Jennifer Tait, David Griffiths and Henrietta de Salis in London and national partner Willem Van de Wiele in Brussels. Corporate finance advice was provided by partners Daniel Gendron and Timothy Sawyer in London.
The transaction, announced on 28 August, 2026, will result in a substantial deleveraging of Lowell’s balance sheet by more than £1 billion, the provision of over £500 million in new money, and the transfer of ownership to a newly formed investor group comprised of existing creditors. The completion of the transaction is subject to regulatory approvals and other customary conditions precedent and is expected to occur in Q4 2026/Q1 2027.
The multidisciplinary Willkie team was led by partners Graham Lane and Jason Taylor with assistance from associates Antonia Pegg, Eleanor Chafer and Dina Grego and trainee solicitor Robyn Ma from the London Restructuring group and partner Wolfram Prusko and counsel Dr. Joachim Glöckler from the German Restructuring group. Capital markets advice was provided by partners Jennifer Tait, David Griffiths and Henrietta de Salis in London and national partner Willem Van de Wiele in Brussels. Corporate finance advice was provided by partners Daniel Gendron and Timothy Sawyer in London.
