18 June 2020

Gernandt & Danielsson advises in relation to the restructuring and refinancing of PWT Group and PWT Holding

Gernandt & Danielsson advises Nordic Trustee & Agency AB (publ) ("Nordic Trustee") and holders of DKK 475,000,000 senior secured callable floating rate bonds 2017/2022 issued by PWT Holding A/S in bankruptcy ("PWT Holding") in connection with ensuring the bondholders' claims in the restructuring proceedings of PWT Holding's operative subsidiary PWT Group A/S in restructuring ("PWT Group"). PWT Group is a Danish leading menswear provider operating a wholesale company and the two leading menswear chains Wagner and Tøjeksperten, and has a strong portfolio of clothing brands. PWT Group has around 500 employees and operates around 200 stores in Denmak, Norway, Sweden and China.

Gernandt & Danielsson advises Nordic Trustee and the bondholders with a team consisting of Partners Mikael Borg and Caroline Jägenstedt Wikman, Senior Associates Erika Olofsson and Mikael Bolling and Associate Camilla Hedner. Lundgrens Advokatpartnerselskab advises as to matters of Danish law.