India’s largest wind turbine supplier Suzlon Energy has restructured four series of convertible bonds, involving the existing bonds being substituted by $547m of new step-up convertible bonds due in 2019, pursuant to a consent solicitation and voluntary substitution, reported Mint.

Amarchand Mangaldas partners Yash Ashar and Gaurav Gupte acted for Suzlon in India.

Linklaters capital markets partners Jeremy Webb and Andrew Carmichael with managing associates Pallavi Gopinath Aney and Sohrab Khushrushahi acted for Suzlon on non-Indian law.

The ad hoc committee of bondholders was represented by Ropes & Gray partner Dan Anderson.

Norton Rose Fulbright senior associate Cynthia Teo acted for the trustee of the restructured bonds.

Hogan Lovells partner Andrew Carey advised the trustee of the defaulted bonds.