09.02.2023
Binder Grösswang advised Lone StarGTT Communications on the restructuring of GTT Communications under the US Chapter 11 proceedings. The project was led by Matthew Yeowart and Léonore de Mullewie of Davis Polk & Wardwell LLP.
Lone Star is the largest lender to multinational telecommunications and internet services provider GTT Communications. GTT Communications was able to reduce its liabilities by USD 2.8 billion through the restructuring. The exit from the Chapter 11 proceedings took place on 30 December 2022.
The Binder Grösswang team consisted of partners Johannes Barbist and Regina Kröll (investment control) and partner Christine Dietz and lawyer Christoph Raab (merger control).
Matthew Yeowart and Léonore de Mullewie of Davis Polk & Wardwell LLP were responsible for the global FDI and merger control approvals of the transaction.
About Lone Star
Lone Star is a leading private equity firm advising funds investing in real estate, equity, debt and other financial assets worldwide. Since its founding in 1995, Lone Star has raised 22 private equity funds with a total capital commitment of approximately USD 86 billion.