PRESS RELEASE
14 April 2025

Arendt Advises An Ad Hoc Group Of Lenders To OQ Chemicals Group On Recapitalisation

AM
Arendt & Medernach

Contributor

About Arendt

Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.

-Legal & Tax
-Regulatory & Consulting
-Investor Services

Legal & Tax

We assist clients in structuring and running their business from a legal and tax standpoint across Luxembourg. Our teams directly serve international clients or work in close collaboration with foreign partner law firms.

Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.

The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas

Arendt & Medernach SA, alongside Akin Gump Strauss Hauer & Feld LLP, advised an ad hoc group of lenders to the OQ Chemicals Group, one of the world’s largest manufacturers of oxo chemicals...
Luxembourg

Experts involved in the Deal:

Restructuring & Finance:

  • Dominik Pauly
  • Milos Vulevic
  • Alexandra Puszczynski

Restructuring & Corporate

  • Sébastien Binard
  • Haider Gontier
  • Kerem Güler

Arendt & Medernach SA, alongside Akin Gump Strauss Hauer & Feld LLP, advised an ad hoc group of lenders to the OQ Chemicals Group, one of the world’s largest manufacturers of oxo chemicals, on the Group’s recapitalisation and amendment of its existing facilities. OQ Chemicals Group employs more than 1,400 people worldwide at their plants in Germany, the United States and China.

In connection with the Group’s recapitalisation, certain lenders became the new shareholders of the Group following a partial equitisation of existing loans and injection of new equity.The transaction was implemented consensually, following overwhelming support from the Group’s lenders under its existing senior credit facilities. The transaction successfully closed on 8 April 2025.

Contributor

About Arendt

Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.

-Legal & Tax
-Regulatory & Consulting
-Investor Services

Legal & Tax

We assist clients in structuring and running their business from a legal and tax standpoint across Luxembourg. Our teams directly serve international clients or work in close collaboration with foreign partner law firms.

Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.

The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas

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