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Debt and equity restructuring 

Explore Burges Salmon’s expertise in delivering innovative debt and equity restructuring solutions to address financial distress in capital structures.

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Overview Our team Our work What others say Insights

Avoiding a formal insolvency will, in most situations, be the best way to preserve value in the underlying business and assets.

We help stakeholders explore and implement debt and equity restructurings in a way that seeks to address the financial headwinds that a business and its capital structure may be facing.

Providing a comprehensive service, including relevant corporate, banking, tax, pensions and regulatory advice, we work with all stakeholders to explore different restructuring and funding options.

Our focus is to ensure that we understand the commercial priorities of all stakeholders with a view to delivering a successful outcome in challenging commercial situations.

Where a consensus between stakeholders cannot be achieved, we also explore what alternative restructuring options may be available to deliver the desired outcome.

Our team

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Examples of our work

Leading international retailer

Advising a leading international retailer on the restructuring of its senior revolving credit facility and senior secured notes (with an aggregate value of c.$250 million), which was carried out in parallel with a private equity acquisition and group reorganisation, and a Company Voluntary Arrangement.

UK biomass plant

Advising the senior lender to a UK biomass plant on the restructuring of its £22 million debt finance (which included overseeing additional quasi-equity subscriptions by the shareholders) and its ultimate acquisition of the plant via a credit bid from receivers and solvent exit of the ProjectCo from administration.

European healthcare business

Advising the senior lender (and B shareholder) to a distressed European healthcare business on the debt and equity restructuring of that business. The investor group in this business comprised the senior lender, a Spanish private equity sponsor and management.

Private equity investor

Advising a private equity investor in relation to a debt and equity restructuring of a distressed travel operator involving a new money facility, intercreditor arrangements, equity subscriptions and dilution.

US investor

Advising a US investor in connection with a £60 million debt and equity restructuring of a UK manufacturer including a £27.5 million new money facility.

Listed investment trust

Acted for a borrower and guarantor forming part of a listed investment trust on a restructure involving the amendment of finance documents, appointment of receivers, transfer of intercompany receivables, release of intercompany debt and sale of shares.

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What others say

“They are proactive, knowledgeable and technically sound. The lawyers are engaging and responsive, and provide an excellent client service.”

Chambers UK 2025

“Quality with strength in depth not only in the restructuring team itself but being able to bring in other areas of expertise such as the property and real estate team.”

Legal 500 UK 2025

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Insights

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