News & Insights

Cases & Deals

December 1, 2020

AE Europe Restructures

King & Spalding represented an ad hoc group of first lien lenders to AE Europe Holdings, Inc. (“Auto Europe”) holding in excess of 60% of Auto Europe’s $100 million term loan, in connection with the successful out-of-court restructuring of Auto Europe’s outstanding secured debt, which included the closing of a new $50 million super senior new money term loan provided to Auto Europe by certain of the existing term lenders.  AEG is one of the world’s largest car rental wholesale companies, working with approximately 24,000 car rental locations in 180 countries in Europe, Asia, Africa and Australia, as well as North and South America.