11 December 2014

DSB Bank: EUR 1.4 billion credit agreements to facilitate a "super interim distribution" to creditors

De Brauw has assisted ING Bank, Rabobank and ABN AMRO as lenders on reaching new estate credit agreements for the bankrupt estate of DSB Bank.

Credit agreements have been amended and restated in order to facilitate a "super interim distribution" to the ordinary creditors of DSB Bank, amounting to 35% of their claims. The commitment has been increased from EUR 1 billion to EUR 1.4 billion.

Jan Marten van Dijk acted as lead partner together with Diederik Maessen as lead associate.