On 6 March 2020, the restructuring of Doncasters Group’s £1.22 billion funded debt was completed. Following a successful non-core disposals program, the Doncasters Group (a leading worldwide supplier of high quality engineered components for the aerospace, industrial gas turbine and specialist automotive industries) operates from 12 principal manufacturing facilities based across the United Kingdom, the United States, Germany, Mexico and China.
The transaction provides another example of how New York law governed debt can be restructured without a bankruptcy process through an English law scheme of arrangement.
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