Global law firm White & Case LLP has advised the senior lenders of the TLB on the conclusion of an agreement in principle, signed by the Group and endorsed by almost all financial creditors, regarding the financial restructuring of Colisée Group.
The agreement in principle provides for the granting of new financing of approximately €285 million, the significant reduction of the Group's net debt and the extension of the maturity of its senior debt until the second half of 2031. The bilateral banks have agreed to renew the short-term lines of credit and banking facilities granted to the group's operating companies.
The transaction involves converting a substantial portion of the company's senior debt of approximately €680 million into capital and will result in a change in the shareholder structure, with the senior lenders who have agreed to convert their debt into capital, becoming the Group's new shareholders.
The implementation of the financial restructuring is expected by April 2026, following an accelerated safeguard procedure.
Colisée Group is Europe's fourth-largest elderly care provider.
The White & Case team in Paris which advised on the transaction was led by partners Saam Golshani, Anne-Sophie Noury and Denise Diallo and included partners Hugues Racovski, Alexandre Ippolito and Quirec de Kersauson and associates Louis Gibon, Charlie Gelbon, Brieuc Clavier, Ibtissame Sefraoui, Georgi Popov, Charles Assous, Corentin Traxel and Camille Fouqué.
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