MTC Advises BAHL On PKR 3.563 Billion Debt Restructuring Of Agha Steel Industries Limited

Mohsin Tayebaly & Co. was engaged as transaction legal counsel with respect to debt restructuring of various funded and non-funded finance facilities in the aggregate amount of approximately PKR 3,562,654,069/- (comprising funded facilities in the amount of PKR 3,279,594,563/- and non-funded facilities in the amount of PKR 283,059,506/-), availed by Agha Steel Industries Limited from Bank AL Habib Limited, for which Dada Partners acted as the financial advisor.

This transaction marks a significant step in the debt reprofiling of Agha Steel Industries Limited and represents a meaningful milestone in the journey of one of Pakistan’s leading steel companies, being a listed entity, towards renewed stability and sustainable growth.

The restructuring comprised several unique features including but not limited to a sweep mechanism for excess cash flows, conversion of short-term facilities to long-term facilities and stepped-up payments of deferred mark-up.

The transaction documents were signed at our office on July 13, 2026 and effectiveness of the restructuring is subject to completion of the conditions precedent.

The firm’s scope of work included full-scope financier side advisory.

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Kamil Tayebaly (Senior Associate) and Aleena Shahid (Associate).