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Direct News Source gategroup Holding AG (“gategroup”, the “Company” and together with its subsidiaries, the “Group”), is pleased to announce that all conditions to the Group’s financial restructuring designed to position the Group for a post-COVID future have been satisfied and that completion of the restructuring has occurred. Background As announced on 26 November 2020, the Group, its shareholders RRJ Capital and Temasek (the "Shareholders") and all of the Group’s bank lenders under the senior facilities agreement dated 30 November 2018 (the "Senior Lenders" and the "...

Tuesday, March 16, 2021 Re gategroup Guarantee Limited [2021] EWHC 304 (Ch) ( Re gategroup Guarantee Limited) and provides a view of its effects on the cross-border application of the Restructuring Plan (defined below) and the use of co-obligor structures in restructurings. IN DEPTH The Restructuring Plan The UK restructuring plan was introduced by the Corporate Insolvency and Governance Act 2020 as a new Part 26A of the Companies Act 2006 (the  Restructuring Plan) and is substantially modelled on the existing UK scheme of arrangement under Part 26 of the Companies Act 2006 (the ...

16.02.21 ) gategroup Holding AG (“gategroup”, the “Company” and together with its subsidiaries, the “Group”), announces that an explanatory statement has today been published to Bondholders and Senior Lenders in connection with gategroup Guarantee Limited's (the "Plan Company") financial restructuring plan designed to position the Company for a post-COVID future.     As announced on 26 November 2020, the Group, its shareholders, RRJ Capital and Temasek (the "Shareholders") and all of the Group’s bank lenders under the senior faciliti...

15.01.21 ) gategroup Holding AG (“gategroup”, the “Company” and together with its subsidiaries, the “Group”), announces that the High Court of England and Wales (the "Court") today gave directions that the hearing in relation to the proposal by gategroup Guarantee Limited (the "Plan Company") to convene a meeting of its creditors for the purposes of voting on an English restructuring plan under Part 26A of the United Kingdom's Companies Act 2006 (the "Convening Hearing") is to be adjourned until 3-4 February 2021. If the Court grants the...