Pestalozzi advises a majority group of bondholders in connection with Idorsia AG's restructuring | Pestalozzi Attorneys at Law

Pestalozzi advises a majority group of bondholders in connection with Idorsia AG's restructuring

06.06.2025

Pestalozzi advises a group of financial institutions representing a majority of holders of CHF 800 million in aggregate of convertible bonds issued by Idorsia AG, a Swiss biopharmaceutical company having its shares and bonds listed at the SIX Swiss Stock Exchange, in connection with the "holistic" restructuring of Idorsia AG. The group of bondholders agreed to the granting of a CHF 150 million new money facility and a restructuring of the outstanding bonds. The restructuring of the bonds involves the amendment of certain terms of the bonds followed by an offer for the exchange of the convertible bonds into newly issued bonds secured by certain material assets of the group. For more details: Idorsia | Media release

The Pestalozzi team included:
Sébastien Roy (Partner - Banking / Restructuring), Severin Roelli (Partner - Capital Markets), Andreas Lienhard (Partner - Restructuring / Insolvency), Jonas Sigrist (Partner - Tax), Jean-Baptiste Lhôte (Counsel - Banking / Corporate), Mercedes Chiabotti (Associate - Capital Markets), André Lopes Ferreira (Junior Associate - Banking), Nadine Jost (Junior Associate - Capital Markets), Chiara Pacciarelli (Junior Associate - Capital Markets)

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