KARACHI – Amreli Steels Limited successfully executed massive debt overhaul, with Dada Partners (Private) Limited serving as the company’s exclusive financial advisor.
Master Restructuring Agreement (MRA) covers staggering Rs22.6 billion of debt and has drawn unprecedented participation from 21 of the company’s 23 lenders, representing more than 90% of total exposure.
The restructuring involved an enormous facility totaling Rs27.9 billion provided by 23 lenders, including 12 conventional banks (three government-owned), six Islamic banks, five development finance institutions, and one syndication of seven lenders. The deal required meticulous coordination among ten long-term lenders and 19 short-term lenders, each with their own unique collateral and security structures—a testament to the transaction’s sheer complexity.
With this successful restructuring, Amreli Steels, one of Pakistan’s leading steel manufacturers, emerges stronger than ever, bolstered by renewed lender confidence and a more stable economic outlook. Analysts predict that the company is now well-positioned to achieve sustainable growth and continue driving innovation in the steel sector.
Shazad Dada, Founder and Managing Director of Dada Partners, said, “We are immensely proud to have played a pivotal advisory role in this groundbreaking restructuring. Achieving a balanced outcome for all stakeholders highlights the power of strategic partnerships and reinforces our commitment to delivering innovative financial solutions.”
The transaction’s success was made possible through the concerted efforts of Amreli Steels’ Board and senior management, the participating financial institutions, and legal counsels Mohsin Tayebaly & Co. and Ali Khan Law Associates. Special appreciation was extended to the State Bank of Pakistan for its critical support in this transformative restructuring, which is widely being hailed as one of the most complex corporate debt deals in recent Pakistani financial history.
