Ogier advises on Expro restructuring

Ogier has advised on the restructuring of the Expro group of companies.

The restructure involved 37 group companies in 16 countries effecting a US $1.4 billion debt-for-equity swap and US $200m rights offer which was carried out via a new Cayman Islands incorporated holding structure.

The Ogier Cayman in Europe team advising on the restructuring included managing associate Richard Bennett from the London office.

Ogier worked with lead counsel Freshfields Bruckhaus Deringer.

Ogier advised in respect of Cayman law compliance of the new shareholder arrangements as well as facilitating the establishment of the structure through its Ogier Global fiduciary service line.