Exclusive financial advisor to Kuantam Papers Ltd (KPL)



June 2021




INR 7,120 MN

Deal Value

Exclusive financial advisor to Kuantam Papers Ltd (KPL)

Deal Highlights:

  • KPL faced stress situation due to COVID as end user market i.e., offices/schools/etc. remained shut for long resulting in reduced capacity utilization
  • Ongoing project got delayed as lenders held up last mile disbursements with COVID onset
  • Comprehensive Debt Resolution involved Interest & Principal repayment moratorium
  • Full disbursement of pending loans for capex completion
  • Correction in working capital involved by reduction in margins & NFB to FB inter-changeability

Our Contribution:

  • Ensured further disbursement for ongoing capex even during the restructuring process
  • On boarding lenders for Resolution Plan since paper industry not mentioned in 26 sectors identified by RBI
  • Arranged interim funding at reasonable cost, very rare case in restructuring accounts
  • Assisted & coordinated for all diligences with the external agencies
  • Achieved successful closure within tight timelines as prescribed by RBI with inherent challenges for document execution by all lenders and perfection of security as well