Arendal Restructures $100 Million of Debt

January 30, 2017

Cleary Gottlieb represented an ad hoc group of holders of the $100 million 10.50 percent medium-term notes issued by Arendal in the restructuring of the notes through an exchange offer.

Arendal is an engineering, procurement and construction company operating in Mexico, focused on the oil and energy industry. The exchange offer closed on January 30, 2017.