Weil Advises on the Restructuring of Dream Cruises

LONDON July 14, 2021: International law firm Weil, Gotshal & Manges LLP advised the Consortium of minority equity investors in Dream Cruises Holding Limited, a large cruise ship operator based in Asia, in connection with the multi-jurisdictional restructuring of the liabilities of Dream Cruises Holding Limited and those of its parent company Genting Hong Kong Limited.

The group-wide restructuring and recapitalisation plan, which completed on June 28, 2021 following complex negotiations, resulted in the amendment and extensions of US$2.6 billion in debt and the provision of US$700 million in new money across the Genting group. The holistic restructuring will provide capital and a stable platform for Dream Cruises to resume sailing and execute its fully funded business plan as the market recovers.

The Weil team in London was led by Restructuring partners Andrew Wilkinson, Gemma Sage and Matt Benson. They were assisted by Restructuring associates Jonathan Woods and Ilaria Olivero; Litigation partner Jamie Maples, counsel Matthew Akers and associates Matthew Gibbon and Milosz Palej; Hong Kong Corporate partner Tim Gardner, counsel Sandy Lin and associate Hongzhen Huang; Hong Kong Banking & Finance counsel Kevin Yao and associate Carolyn Ho. Weil worked with financial advisers Moelis on the deal.

ENDS

Weil Advises on the Restructuring of OHL Group

LONDON 29 June 2021: International law firm Weil, Gotshal & Manges LLP advised an ad-hoc group of noteholders (the “Ad-Hoc Group”) in relation to the corporate and financial restructuring of Obrascón Huarte Lain, S.A. (“OHL”), a multinational construction and civil engineering group (“OHL Group”) headquartered in Spain. The restructuring wasRead the full article →