Debt restructuring and renegotiation

When debt structures break under pressure, businesses face more than financial distress - they face a crisis of confidence from lenders, investors and the boardroom alike.

BM&T leads complex debt restructuring programmes across borders, balancing financial precision with stakeholder alignment. From covenant breaches and default events to multi-party negotiations and cross-jurisdictional debt workouts, we provide the clarity, leadership and credibility required to unlock recovery capital and restore confidence — without losing time or control.

Key challenges we address

Covenant breaches and debt service default
Syndicated loan breakdowns and steering committee friction
Maturity spikes and undercapitalised growth models
Lack of trust in business plans or cash forecasting
Jurisdictional mismatches in cross-border structures

Our approach

Debt structure diagnosis: We assess maturity walls, interest exposure, covenant triggers and leverage vulnerabilities to define a clear restructuring roadmap.
Stakeholder strategy and negotiation: We coordinate creditors, syndicates and bilateral lenders to reach aligned outcomes - with transparency and credibility.
Restructuring design and execution: From debt-for-equity swaps to PIK structures and re-geared amortisation profiles, we design tailored capital solutions for sustainability.
Cross-border workouts: We manage complex, multi-jurisdictional restructurings with awareness of local law, tax and regulatory dynamics.
Post-restructuring governance: We establish financial control and reporting practices that keep stakeholders engaged and leadership focused on recovery.

Why BM&T?

Boardroom-literate, lender-trusted: We speak both languages and mediate between them to resolve tension with results.
Deep cross-border experience: From English law schemes to bilateral debt workouts, we execute across Europe and beyond.
Practitioners - not just advisors: Our team includes CROs and restructuring executives who have sat on all sides of the table.
Tailored, pragmatic outcomes: No playbooks. No ego. Just the right solution, built for the facts and time available.
Pre-insolvency ethos: We protect value long before formal processes - and preserve relationships as well as returns.

BM&T acted as restructuring advisor to La Seda de Barcelona, a €1.4bn revenue-listed chemicals business facing insolvency across multiple European jurisdictions.

La Seda de Barcelona

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Bring clarity to your next step

Contact us today for a confidential discussion on how we can realign debt structures to restore viability, rebuild trust and unlock future potential.

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