We are advising Neovia Logistics in connection with its recapitalization

Davis Polk is advising Neovia Logistics Holdings Limited and certain of its subsidiaries (collectively, “Neovia” or the “Company”) in connection with a comprehensive recapitalization that will deleverage the Company’s balance sheet, provide an infusion of new capital and allow Neovia to invest in growing its business and provide greater value to its customers.

On August 2, 2022, Neovia entered into a restructuring support agreement with its sponsors and lenders under the Company’s existing credit facilities. The restructuring, which remains subject to regulatory approval, will provide for the equitization of approximately $420 million of debt and nearly $60 million in new-money financing.

Based in Irving, Texas, Neovia is a global leader in third-party logistics, operating more than 100 facilities in 20 countries across four continents. For over 30 years, Neovia has combined an OEM mindset with real-world innovation to partner with, and solve complex logistics challenges for, leading companies in the automotive, industrial, aerospace and consumer products sectors.

The Davis Polk restructuring team includes partner Darren S. Klein, counsel Steven Z. Szanzer and associate Max J. Linder. The finance team includes partner J.W. Perry and counsel Sanders Witkow. Partner John D. Amorosi is providing corporate advice. The tax team includes partner William A. Curran and counsel Tracy L. Matlock. The executive compensation team includes partner Jeffrey P. Crandall and associate Charlotte R. Fabiani. All members of the Davis Polk team are based in the New York office.

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