JBF RAK – group turnaround and debt restructuring

JRC supported the turnaround and the restructuring of more than US$1.1 billion of debt for JBF RAK, a UAE-based polyester and PET manufacturer with operations in Bahrain and Europe. The restructuring, completed in 2024 with Davidson Kempner and the bank syndicate, gave the group a sustainable capital structure.

KEY FACTS

Transaction type: RESTRUCTURING ADVISORY

Practice: Restructuring

Sector: Industrials

Countries: Bahrain, European Union

Deal size: $1,100m+

Status: Completed (2024)

JRC’S ROLE

Chief Restructuring Officer (CRO) and restructuring adviser

FURTHER READING

Davidson Kempner completes landmark $1 billion+ debt restructuring of UAE-based plastic manufacturer

$1 billion debt restructuring of JBF Group (Consultancy-me)

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