Kirkland & Ellis advised a consortium of lenders including Blantyre Capital and Bulgarian Development Bank in relation to the financial restructuring of Bulsatcom EAD, a Bulgarian satellite television, internet and mobile operator.

The complex and challenging transaction involved an enforcement by means of appropriation, the subsequent restructuring of approximately €80m of existing debt, and the advancement of €30m of new secured debt to the Bulsatcom group.

The Kirkland team was led by restructuring partners Partha Kar and Matthew Czyzyk and associate Peter Madden; transactional partner Annette Baillie and associate Miroslav Tomo; debt finance partner Ben Myers and associate Jerome Hoyle; tax partner Frixos Hatjantonas and associates Cian O'Connor and Anthony Antioch; and antitrust partner Thomas Wilson.