Noerr advises on issue of new 3W Power bond
As joint representative of the bondholders of 3W Power S.A., Team Treuhand advised on amending the terms and conditions of the EUR 50 million bond issued last year as part of the restructuring. Team Treuhand, a Noerr Group company, thereby facilitated the issue of a new convertible bond in the volume of EUR 14 million.
Team Treuhand – represented by its managing director, Noerr partner and restructuring expert Dr. Thomas Hoffmann – was advised by Noerr LLP and the Frankfurt partner and capital market expert Dr. Laurenz Wieneke on the conduct the bondholders’ meetings. Also ODDO SEYDLER BANK AG relied on the comprehensive advice of the Noerr team led by Laurenz Wieneke when issuing its convertible bond.
Last year, Noerr had already advised on the restructuring of the EUR 100 million bond of 3W Power on the side of ODDO as well as on the side of the bondholders through Team Treuhand.
Advisors to ODDO SEYDLER BANK AG and Team Treuhand: Noerr LLP
Dr. Laurenz Wieneke, Dr. Ivan Zlatanov (both Capital Market Law, Frankfurt)