Clearwater International advises Acaya SpA in a debt restructuring agreement

Clearwater International advised Acaya SpA in the definition of an “out-of-court” debt restructuring agreement according to art. 67 of the Italian Bankruptcy Law with SC Lowy, international banking and finance group based in Hong Kong.

SC Lowy represent now the main creditor after the loan acquisition from the previous lender MPS and BNL.

The company owns the property of the Golf Resort & SPA based in the municipality of Vernole (Lecce, Puglia) consisting in n. 97 hotel room, Golf & Club House and connected property lands suitable for a further real estate development.

The agreement will ensure the recovery of the company debt exposure (approx. €20million) also through the envisaged Resort divestiture while Acaya will maintain the property lands (or portion) developing new real estate projects in the next future.

  • Image of ACAYA Company Logo
    raised unitranche debt funding from
    Image of SC LOWY Company Logo
    View Back of Transaction
    Clearwater Advisers

    Adviser to ACAYA on raising unitranche debt funding from SC LOWY

    View more