Home / Knowledge / News / Stahl achieves fully consensual restructuring
Stahl achieves fully consensual restructuring
04
Mar '10
Stahl, the Netherlands-headquartered speciality chemicals group, has completed its financial restructuring, with unanimous consent from senior, second lien and mezzanine lenders as well as hedge counterparties for its debt-for-equity offering.

Wendel has increased its shareholding from 48 percent to 92 percent, by purchasing Carlyle's shareholding and contributing €60 million, with management, second lien and mezzanine lenders holding the balance.

On restructuring, Stahl's debt has reduced from €350 million to €195 million, while senior lenders have provided a new €25 million working capital facility.

Stahl has experienced a progressive recovery in trading and profitability since 2008, with a particularly strong fourth quarter of 2009 and a promising start to 2010.

The restructuring provides an appropriate capital structure going forward to support continuing investment and growth of the global business.

Stahl provides high quality coatings for leather, flexible and non-flexible substrates, textiles and related products, and produces chemicals and dyes for the processing of leather.

Stahl Holdings bv

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search