Wed 03/08/2023 11:56 AM
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Galapagos Bidco, the primary issuer of Galapagos’ debt prior to its 2019 restructuring, will appear before the English High Court tomorrow, March 9, beginning a 10-day trial seeking a declaration that the restructuring was carried out in accordance with the intercreditor agreement, or ICA.

The trial will be heard by Justice Trower. The 2019 restructuring of the German heat exchange manufacturer (now known as Mangrove) was effected by way of a distressed disposal of shares in Bidco to...
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