Transaction Highlights:
July 2021
R&S Advisory advisor to algoWatt in the negotiation with banks, debt investors and bondholders of the terms and conditions of a debt restructuring agreement pursuant to art. 67 of the Italian Insolvency Law.
The restructuring agreement envisages – among other things – the issue and assignment to bondholders, banks and debt investors of quasi equity instruments, convertible, under specific terms and conditions, into algoWatt ordinary shares.
€80,000,000 debt restructured
Company Overview:
Green Tech – energy Solutions
AlgoWatt S.p.A. designs, develops and integrates solutions for the management of energy and natural resources. The Company provides management and control systems that integrate devices, networks, software and services with a clear sector focus: digital energy and utilities, smart cities & enterprises and green mobility.
AlgoWatt is listed on the Mercato Telematico Azionario (MTA) of Borsa Italiana S.p.A..