Deal Highlights:

• COVID – 19 implications posed multiple challenges such as plant shutdowns, labour shortage, supply chain disruption, subdued demand etc., which affected BASML’s liquidity position
• Comprehensive Debt Resolution involved:
  • Addressal of cashflow mismatch by securing principal moratorium & extension of tenor of loans
  • Avoidance of bundled repayment obligations by restructuring repayment schedule within the extended repayment period
  • Sponsor’s support for resolution plan helped keep the account classification intact as “Standard”
  • Resolution of concern of Security Pooling amongst all lenders in Multiple Banking Arrangement

Our Contribution:

• Effectively coordinated with all lenders under Multiple Banking Arrangement for successful closure within prescribed timelines
• 100% Lenders’ support achieved for invocation and implementation of resolution plan.
• Critical handholding and strategic approach for all procedural diligences by external agencies.
• Well thought through decisions helped foreseeing the challenges and resolving it in timely manner.