Pacific Oak SOR Restructures USD 300M in TASE Bonds
Chapman and Cutler has been selected as US legal counsel to Reznik Paz Nevo Trusts, acting as indenture trustee for the bondholders of Pacific Oak SOR (BVI) Holdings, in the restructuring of approximately USD 300 million (NIS 1 billion) in bonds listed on the Tel Aviv Stock Exchange.
The bonds were issued by Pacific Oak SOR (BVI) Holdings, a BVI-based company and investor in US real estate.
Reznik Paz Nevo Trusts is an Israeli trustee company that specializes in managing bondholder interests for securities listed on the Tel Aviv Stock Exchange.
The transaction involves significant cross-border coordination as stakeholders work to restructure the debt and stabilize Pacific Oak’s obligations to Israeli investors.
Michael Friedman, partner and head of Chapman’s Israel Practice, led the matter, with Erdinast Ben Nathan Toledano acting as local counsel.
