Wikborg Rein has assisted Eitzen Chemical in connection with the restructuring of the company.

$ 850 million of Eitzen Chemical Group's bank and bond debt is converted to equity in Eitzen Chemical. The company's lenders will after the restructuring own 98%of the shares.

In connection with the restructuring a significant change in the group's corporate structure has been implemented.

Wikborg Rein was engaged as a advisors to Eitzen Chemical in the process.