Lester Su

Selected Representations include advising:

• The Republic of Argentina defending against claims brought by holders of GDP-linked securities issued in 2005 and 2010, in a 4-week Commercial Court trial that took place in October/November 2022.
• The RCF Lenders, and the sole bookrunner to Cineworld Group plc during its restructuring which involved a $450 million priority senior secured rescue facility and a second-out elevated term loan
• The co-ordinating committee of lenders on multiple rounds of the global restructuring of Abengoa S/A, a Spanish renewables company operating in more than 80 countries across Europe, the Americas, Africa, Asia and the Middle East
• Royal Bank of Scotland plc, HSH Nordbank AG, Piraeus Bank SA and Aegean Baltic Bank SA in connection with the consensual restructuring of Danaos Corporation’s debt totalling $2.2 billion
• The ad hoc committee of secured noteholders and lenders of Towergate Insurance on the £1 billion debt restructuring, which was implemented by way of UK schemes of arrangements and had included $325 new-money investments by secured and unsecured creditors
• The unsecured creditors in the contested proceedings to restructure Virgin Active using a restructuring plan under the new Part 26A of the Companies Act 2006
• Ad Hoc Group of bondholders to European TopSoho Sarl, which is the majority owner of SMCP, a leading French retailer and the wholly owned subsidiary of Shandong Ruyi, the Chinese textile manufacturer, in connection with the restructuring transaction and ongoing enforcement.
• Coca-Cola HBC AG in financing aspects of its wholly-owned subsidiary Coca-Cola HBC Holdings BV’s agreement to acquire approximately 94.7% of Coca-Cola Bottling Company of Egypt S.A.E. from its major shareholders, a wholly-owned affiliate of The Coca-Cola Company and MAC Beverages Limited and certain of its affiliates for an agreed combined purchase price of US$427 million
• PureCircle in its consensual corporate restructuring with its lenders and other stakeholders
• AlixPartners as joint administrators of Swissport Holding International in connection with the Swissport restructuring through a scheme and pre-pack
• The Carlyle Group on its investment in and restructuring of the Prezzo group
• The investors of Hibu on the multiple restructuring of the company
• The ad hoc committee of secured noteholders of Brighthouse Group Plc in connection with its debt-for-equity restructuring
• The ad hoc group of lenders of Slater & Gordon in connection with its debt-for-equity restructuring and carve-out of the S&G UK business.
• The ad hoc committee of bondholders of in connection with restructuring of the ASX-listed Emeco Holdings and its contemporaneous merger with its competitors, Orionstone and Andy’s
• HPS Investment Partners on their £70 million super senior facility to PizzaExpress Group during its restructuring and on the restructuring of Avanti Communications
• Lion Capital in connection with its subsidiary, JVUK Holdco Limited’s acquisition of John Varvatos’ UK business from in a pre-pack administration
• Certain lenders in connection with the restructuring of Dubai World and Rusal
• Asia-based family office on various fund financing and margin lending transactions.