This website uses cookies. By using this website, you agree to our Cookie Policy.
December 01, 2025
Cadwalader has represented the senior secured lender in the successful refinancing and recapitalisation of Petra Diamonds.
The transaction extends the maturity of Petra Diamonds’ senior secured revolving credit facility from January 2026 to December 2029 and its second lien notes from March 2026 to March 2030, amends their respective covenant packages, and introduces a novel payment-in-cash-or-equity mechanism.
As part of the broader recapitalisation, Petra Diamonds successfully completed a fully underwritten rights issuance of approximately £18.8 million to support the group’s long-term capital structure.
The Cadwalader team representing the senior secured lender was led by partner and co-chair-elect of the Financial Restructuring and Special Situations practice, Bevis Metcalfe, and senior associate John Lambillion (Financial Restructuring and Special Situations) and included partner Ed Holmes (Finance), special counsel Jodie Valler-Feltham (Corporate and ECM) and associates Chris Quigley (Financial Restructuring and Special Situations) and Sai Ahluwalia (Leveraged Finance and Private Credit). The Cadwalader team was assisted by Bowmans Gilfillan, counsel to the senior secured lender as to matters of South African law.
Home |
About |
Practice |
News |
Resources |
Offices |
Careers |
Contact |
Site Map
Notices |
Security Overview |
Employees |
Attorney Advertising |
Manage your Preferences
Cadwalader, Wickersham & Taft LLP 
New York
London
Charlotte
Washington
Dublin
