DC Advisory advised Grupo Rayet on the refinancing of its debt

Background

• Grupo Rayet is the financial holding of Quabit (Afirma) with c. 53% of its equity, a Spanish quoted company focus on Real estate market
• Construction and services remain the core of the business, not only because of its ability to generate recurring revenues, but also for its central role in integrating related activities
• Internationally, Rayet has a selective presence in hotels and infrastructure projects, which is restricted to Argentina and the UAE

Process & Outcome

• DC Advisory has advised Rayet on the restructuring of financial debt
• In addition, for refinancing of interests new credit facilities has also been set up
• Rayet says the refinancing agreement guarantees it will remain economically viable in the medium term, allowing it to gear efforts towards running the business