SvWP structured a USD 10,000,000 short term finance by forfeiting certain promissory notes issued by Termoelectrica without state or bank guarantees. The main purpose of the facility was to consolidate the company’s debt balances and secondarily to provide working capital needs. In 2002, SvWP arranged the roll-over transaction for another year.
SvWP’s proposed structure, i.e. the use of Promissory Notes, enabled the client to achieve a competitive business structure in an emerging market. The advantages of such a transaction were the simplified documentation and a shorter implementation period than other financing methods, an imperative for the market movements at that time.
This transaction certified the expertise of SvWP’s finance team and the innovation in identifying new financing opportunities.  SvWP provided advisory and management services relating to debt raising, distress debt consulting and restructuring advice.