The security and guarantees in relation to the Existing Debt were amended and/or restated (with Wilmington Savings Fund Society, FSB (“WSFS”) as the new Administrative Agent, Collateral Agent and Trustee) to secure the new obligations under the New 1L Secured Notes and the New 1L Credit Agreement in relation to each relevant local jurisdiction.

Appleby acted as Bermuda and BVI counsel for WSFS and the lenders under the various transaction documents, advising upon security document requirements in connection with the entry into the new 1L Secured Notes and the New IL Credit Agreement.

Partners Gary Harris (Bermuda) and Shana Simmonds (BVI) led the transaction with support from Counsel Lalita Vaswani (Bermuda), Senior Associate Jane Walker (Bermuda), and Associates Larissa Dziubenko (Bermuda) and Maddalena Biasiol (BVI). The Appleby team worked alongside Akin and ArentFox Schiff LLP on this transaction.

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