Alantra advises B2 Holding on senior secured financing from PIMCO and the sale of its Bulgarian subsidiary

Aug 2022

Senior financing

London – Alantra, the global investment banking firm and asset management specialist, has acted as financial advisor to the Norwegian headquartered pan European debt purchaser B2Holding ASA both on the implementation of a non-recourse senior secured financing facility with PIMCO, and, at the same time, on the sale of its Bulgarian subsidiary.

B2Holding is a leading European debt purchaser, headquartered in Oslo and with operations in 22 European countries. Alantra’s Credit Portfolio Advisory team acted as financial advisor to B2Holding on both of these important transactions.

The senior financing transaction is a first of its kind for B2Holding in that it was a non-recourse secured facility and took place in parallel with a restructuring of B2Holding’s operations and corporate structure. The complex transaction required detailed structuring work in order to achieve security over assets located in multiple jurisdictions, each with different regulatory and legal requirements.

The sale of B2Holding’s Bulgarian subsidiary is an important step for B2Holding in reducing its geographical footprint and freeing capital to be deployed into core markets.

“We are pleased to have advised B2Holding on both of these important transactions. Alongside our other recent transactions such as Project Wolf and Project Cole in the credit management services space we are pleased to further demonstrate our market leading expertise within this sector”, said Edwin Harrap, Director.

“We are delighted to have had to opportunity to assist B2Holding in designing and implementing this ground-breaking multi-jurisdictional secured financing transaction”, added Nicholas Colman, Managing Partner.