Debt Advisory & Restructuring

Debt Capital Markets Advisory

As part of our Issuance practice, we act as arranger and advisor in the private placement of senior debt, subordinated debt, and equity; we capitalize on our extensive relationships with asset-based lenders, insurance companies, mezzanine funds, hedge funds and private equity firms to raise highly structured capital for acquisitions, fixed asset expansions, special situations, and recapitalizations.

We advise clients who are considering gaining access to public and private capital markets, whether in Israel or across the globe. GCG has advised key players on matters of global and local bond issuances.

GCG is amongst the few institutions in the Israeli financial market with a proven record in global financing transactions such as IEC’s Global Bond issuances, Inkia Energy Bonds and XT Group European Bonds.  

We use our expertise to deliver the best outcome for our clients.

Bank & Institutional Financing

From revolving facilities to leveraged loans and debt syndication, GCG has built a formidable presence in the area of debt financing with an experience of nearly twenty years. As a lead arranger, GCG arranged both long and short term as well as local and global funds in various sectors.

Our Capabilities

  • Deal executions of all sizes
  • Deep industry knowledge, network with key players, and experience resolving financial issues 
  • Ability to transact in various currencies at fixed or floating rates
  • Tailored, flexible debt structures focusing on risk and reward optimization 
  • Expertise in financing alternatives analysis and valuation, including structuring, covenants and hedging 
 

Key Areas Guidance

  • Analyzing Local versus Global and Private versus Public financing alternatives and recommending  the financing structure that best fits our clients’ needs
  • Identifying potential underwriters and selecting the managing underwriters
  • Advising our client on the terms of the offering, including size of the offering, pricing and covenants
  • On-going monitoring of market environment and sentiment

Restructuring

GCG’s leadership has an extensive and proven experience in debt restructuring and complex financial transactions, which include all major players in the financial markets (local and international banks and financial institutions).

The GCG team has vast and diverse experience and can advise on debt re-arranging processes with the broadest perspective concerning the optimal capital structure and alternatives available to creditors as well as on the available courses of actions most beneficial to achieve our clients’ ultimate goals.

Our Capabilities

  • Evaluating debt restructuring options and recommending appropriate strategies
  • Assisting with lender discussions and negotiations involving credit facility covenant waivers, amendments, and maturity extensions
  • Structuring, negotiating, and executing distressed exchange offers, debt tender offers, and consent solicitations
  • Executing company sales, asset divestitures, mergers, acquisitions, and joint ventures
 

Transactions > Debt Advisory & Restructuring

IEC

Goren Capital Group acted as a special financial advisor to Israel Electric Corporation in the recent ILS 3.2 billion bond offering





2023

Paz

Goren Capital Group acted as a M&A advisor to Paz Oil Company in a uniquely tailored divesture process of Paz Ashdod Refinery for approximately NIS 1.6bn




2023

Paz

Goren Capital Group acted as a financial advisor to Paz Oil Company and Paz Ashdod Refinery regarding a financing transaction totalling NIS 3.7 billion, consisting of debt financing from a consortium of banks, and debentures raised on the TASE from financial institutions
2022

IEC

Goren Capital Group acted as a financial advisor to Israel Electric Corporation in the recent ILS 2.4 billion bond offering





2022

IEC

Goren Capital Group acted as a financial advisor to Israel Electric Corporation in the recent ILS 2 billion bond offering



2022

IEC

Goren Capital Group acted as a financial advisor to Israel Electric Corporation in the recent USD 500 million global bond offering



2022

Israel Natural Gas Lines

GCG acted as financial advisor to INGL in its NIS50 million public secondary bond issuance




2020

IEC

GCG acted as financial advisor to IEC's Board of Directors in its recent USD1.4 billion global bond issuance under the company's GMTN program


2018

IEC

GCG acted as special financial advisor to IEC's Board of Directors on its USD 1 billion global bond issuance



2018

Veridis

Financial advisor and arranger of NIS 760 million from a leading local bank




2017

IEC

GCG acted as special financial advisor to IEC's Board of Directors in its NIS 3.3 billion domestic bond issuance. As a result of stronger demand than expected, the issued amount increased from NIS 2 billion to NIS 3.3 billion

2017

IEC

GCG acted as financial advisor to IEC's Board of Directors in its NIS3.3 billion domestic bond issuance



2016

Israel Natural Gas Lines

GCG acted as financial advisor to INGL in its NIS2 billion private bond offering




2011-2015

Igudan

Financial advisor and arranger of NIS 800 million from leading local banks




2014

IC Power

Exclusive financial advisor and arranger of NIS350 million Mezzanine Financing




2014

IEC – Global Bond Issuance

GCG acted as financial advisor to IEC's Board of Directors in its US$ 1.1 billion global bond issuance under the company's GMTN program



2014

ORL Debt Recapitalization

GCG acted as financial advisor to ORL with regards to its debt recapitalization process




2013

Habas Investment Debt Restructuring

GCG acted as financial advisor to Habas Investment (1960) Ltd. in its debt restructuring


2013

IDB Holding & IDB Development

Exclusive Financial Advisor to Bank Poalim, Bank Leumi, Discount Bank, FIBI, HSBC and Bank Mizrahi-Tefahot in IDBD debt settlement of USD1.5 billion

2013

XT Holdings

GCG acted as lead financial advisor in XT Holdings' USD150 million Euro Bond Offering




2012

IEC – Bond Offerings

GCG acted as financial advisor to IEC's Board of Directors in several public and private bond issuances throughout 2012



2012

IEC

GCG acted as financial advisor to IEC's Board of Directors in its US$ 500 million global bond issuance under the company's GMTN program



2012

Melisron

Financial Advisor in NIS700 million Private Bonds Placement




2011

Inkia

USD300 million High-Yield Bond Issuance advisor (New York)




2011

AFI creditors’ financial advisor

Exclusive Financial Advisor to Bank Leumi, Discount Bank, FIBI and Bank Mizrahi-Tefahot




2010

Israel Post Company

NIS400 million Private Placement bond offering advisor




2010

Oil Refineries (ORL)

USD900 million financing arranged from local banks and financial institutions as well as from global ECAs



2010

Melisron

NIS700 million Private Placement advisor





2009

Tower Semiconductor

USD 115 million arranged through a USD60 million Senior Loan Facility by Bank Hapoalim, Bank Leumi and Israel Corporation, and a USD55 million debenture and convertible debentures provided by leading Israeli Financial Institutions.
2007

ZIM

GCG acted as financial advisor to ZIM in its USD200 million bond offering




2006

Channel 10 Debt and Equity Restructuring

Debt and Equity restructuring and reorganization USD100 million



2004

Contact Us

Museum Tower, 21st Floor
4 Berkovitz Street, Tel Aviv

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