Key Capital advised on the Vintage I transaction restructuring

Key Capital advised on the restructuring of a debt facility for earlier amortisation and cancellation of uncalled equity commitment, cancellation of liquidity facility & reduction of revolving facility.

Key Capital acted as adviser to equity investors and provided advice on the transaction structure of Vintage I, a €500m Private Equity Collateralised Fund Obligation (CFO).

The debt securities aspect of the fund comprised a €300m Revolving Debt Facility, while the remaining €200m was in equity securities in the form of subordinated notes.