Latham Advises iQera on Its Financial Restructuring

Latham & Watkins has advised iQera, the leading French debt collection company, on its financial restructuring. This restructuring enabled the group to link up with a strategic partner, reduce its financial debt by equitizing part of its high yield debt, extend the maturity of its remaining debt, and provide a short-term financing line.

Latham supported iQera through all stages of the process, from the ad hoc mandate to accelerated safeguard proceedings, notably securing a moratorium from the Paris Economic Activities Court on a portion of the high-yield debt maturing during the conciliation period.

The Latham team was led from Paris by restructuring and special situations partner Alexandra Bigot, and capital markets partner Thomas Margenet-Baudry, with restructuring and special situations associates Hugo Bodkin and Lucas Lo Cascio. Advice was also provided on capital markets matters by counsel Michael Ettannani, with associate Hamza El Mouahid; on corporate matters by associates Morgane Chaloin, Claudia Reix, and Floriane Ying; on finance matters by associates Aurélien Lorenzi, Bruna Neiva Cardante, and Hugo Rivière; on antitrust and ACPR regulations by partner Adrien Giraud, with associate Julien Morize; on tax matters, by partner Olivia Rauch-Ravisé, with associate Hugo Matricon; and on litigation matters by partner Fabrice Fages.