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Thursday, February 2, 2023
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RyC advises banks on RTS´ debt restructuring

Ramón y Cajal Abogados advised a pool of 9 financial institutions in the restructuring of the debt of the company RTS, SA and its group of companies, a leading European manufacturer of steering and suspension products for passenger and industrial vehicles

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Ramón y Cajal Abogados advised a pool of 9 financial institutions in the debt restructuring of the company RTS SA and its group of companies, a leading European manufacturer of steering and suspension products for passenger and industrial vehicles in the automotive spare parts segment.

The state-owned commercial company Cofides participated with FONREC funds in this closing, and the restructuring operation has been financially advised by the professional services firm Norgestión.

The RTS Group is a company dedicated to the manufacture of steering and suspension parts for the automotive aftermarket. It has three production plants, in Mendaro (Guipúzcoa), Vitoria and Jinhua (China). It exports 95% of the products it manufactures to more than 75 countries, mainly in the European Union. It has around 4,500 references for passenger vehicles for European, Asian and American brands and its parts can be integrated into electric cars.

The transaction was closed on 3 November 2022, for a non disclosed amount, and the team was formed by lawyers Alberto París and Diego Gabarain, and led by partner Amado Giménez Bono.



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