Lucid Trustee Services Limited acts as agent and security agent in £450 million restructuring of Survitec Group

Client(s) Lucid Trustee Services Limited

Jones Day represented Lucid Trustee Services Limited, as agent and security agent, in connection with the £450 million debt and equity restructuring of the Survitec Group, a specialist in the manufacturing of survival and safety solutions in the marine, defense, aviation, and offshore industries in various jurisdictions. The restructuring involved a significant deleveraging of the business, the acquisition of the group by its lenders and the establishment of new money facilities.