Acted as the Ukrainian legal counsel to MHP Group in connection with the issuance by MHP Lux S.A. of USD450 million 10.500% guaranteed notes due 2029 and subsequent USD100 million tap issuance of the same notes
Acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”), the European Investment Bank (“EIB”), and Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”) (together, “Lenders”) in connection with a USD171 million debt override agreement entered into with Nibulon Ltd (“Nibulon”)
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on successful restructuring of Ukraine’s GDP-linked warrants
Acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with the EUR500 million loan to Joint Stock Company “National Joint Stock Company “Naftogaz of Ukraine” (“Naftogaz”)
Acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a new senior loan of up to EUR50 million to a leading Ukrainian postal company
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on a defence financing facility of up to GBP 1.7 billion, guaranteed by UK Export Finance
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with three landmark loans from the United Kingdom, Canada, and Japan provided under the auspices of the EUR45 billion G7 ‘Extraordinary Revenue Acceleration (ERA) Loans for Ukraine’ initiative
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a EUR200 million 15-year loan from the Italian Republic.
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a CAD450 million 10-year loan from Canada, disbursed through the IMF Administered Account for Ukraine.
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine, (ii) Private Joint Stock Company “National Power Company “Ukrenergo” (“Ukrenergo”), and (iii) the State Road Agency of Ukraine (“Ukravtodor”) in connection with their consent solicitations announced in July 2022.
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a EUR300 million and a 15-year credit facility from the French Development Agency as lender – to finance the general purposes of the state budget of Ukraine in order to maintain essential social public services
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a CAD500 million and a 10-year loan from Canada (represented by the Minister of Finance) as lender with Export Development Canada as administrative agent – to be used in a manner consistent with macroeconomic parameters and policy commitments made by Ukraine under its current IMF Program or subsequent IMF programs
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a USD500 million tap issue of Ukraine’s 6.876% notes due 2029, which were issued earlier this year. The total outstanding principal amount of the notes after the increase is USD1.75 billion
Acted as the Ukrainian legal counsel to (і) the State Road Agency of Ukraine (“Ukravtodor”) on a debut USD700 million issue of 6.25% guaranteed notes due 2028 with a benefit of the sovereign guarantee, and (ii) the Ministry of Finance of Ukraine in connection with the sovereign guarantee
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with two loan agreements for a total amount of EUR116 million together constituting official financial support from France to Ukraine aimed at strengthening maritime safety and security of Ukraine
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a USD1.25 billion notes issue with an 8-year maturity priced at 6.875% annual yield. This was the first issue of Ukraine’s Eurobonds admitted to listing on the London Stock Exchange
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on USD600 million tap issue of Ukraine’s outstanding USD2 billion 7.253% notes due 2033
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with an open market repurchase of Ukraine’s outstanding GDP-linked warrants funded through a tap issue of sovereign Eurobonds; and a new macro-financial assistance (MFA) programme from the European Union
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the issuance by Ukraine of its new USD2 billion 7.253% senior notes due 2033
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the second breakthrough issuance of EUR1,25 bln Ukraine’s euro-denominated notes
Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the issue by Ukraine of EUR1 billion notes with a 7-year tenor, which marks the first euro-denominated offering Ukraine has made in almost 15 years
Advised DTEK Group in connection with the debt restructuring under the two inter-conditional English schemes of arrangement for DTEK Energy B.V. and DTEK Finance PLC
Advised Joint Stock Company “The State Export-Import Bank of Ukraine (“Ukreximbank”) as borrower and Goldman Sachs International as dealer manager on USD316 million cash tender offer
Advised Metinvest Group on the successful refinancing of its USD2,271 million debt consisting of USD1,592 million issue of new eurobonds and the amendment and restatement of its pre-export finance facility allowing to secure USD765 million in the PXF facility
Acted as a Ukrainian law counsel to the bondholder group composed of holders of guaranteed notes issued by Metinvest B.V., a holding company of a leading Ukrainian and international steel producer and exporter, in connection with the restructuring of USD2.3 billion of debt under its guaranteed notes and pre-export finance loan facilities
Acted as a Ukrainian law counsel to the bondholder group composed of holders of senior notes (the “Notes”) issued by DTEK Finance plc in connection with the long-term restructuring of the Notes as part of the long-term restructuring of the debts of the DTEK Energy group. The restructuring of the Notes was implemented through an English scheme of arrangement approved by the High Court of Justice of England and Wales. According to the terms of the restructuring sanctioned by the court, two existing issues of USD750 million notes and USD160 million notes due in 2018, as well as certain other liabilities of DTEK Group were exchanged for a single new issue of the Notes due in 2024 with a coupon of 10.75% per annum
Advised the City of Kyiv on Ukrainian law matters in connection with the exchange offer of USD250 million 8% 2015 Notes for new sovereign securities and GDP-linked securities and the exchange offer and consent solicitation of USD300 million 9.375% 2016 Notes for new sovereign securities and GDP-linked securities
Advised the National Power Company “Ukrenergo” on its debut USD 825 million issuance of 6.875% sustainability-linked notes guaranteed by Ukraine. The issue represents the first Green and Sustainability-linked instrument from a Ukrainian issuer
Advised (і) the State Road Agency of Ukraine (“Ukravtodor”) on a debut USD700 million issue of 6.25% guaranteed notes due 2028 with a benefit of the sovereign guarantee, and (ii) the Ministry of Finance of Ukraine in connection with the sovereign guarantee.
Advised Interpipe Holdings Plc on USD300 million issue of 8.375% guaranteed notes due 2026. The notes were admitted to listing on the Luxembourg Stock Exchange
Advised Kernel Holding S.A. on USD300 million offering of 6.75% guaranteed notes due 2027 combined with a tender offer for the notes maturing in January 2022
Advised Metinvest B.V. on issuance of USD333 million, 7-year 7.65% notes due in 2027; and cash tender offers on its USD118 million 7.50% senior notes due 2021, of which USD115,309,027.07 were then outstanding, and USD944.5 million 7.75% senior notes due 2023, of which USD504,515,000.00 were then outstanding, with a concurrent consent solicitation in respect of the 2021 bonds to include the issuer’s call option
Advised JP Morgan Securities Plc, Raiffeisen Bank International, Dragon Capital, and ICBC Standard Bank as joint lead managers on Vodafone Ukraine’s Eurobond offering of USD500 million 5-year 6.2% loan participation notes
Advised DTEK Renewables on a debut EUR325 million 5-year 8.50% green Eurobond offering
Advised Citigroup Global Markets Limited as lead manager in connection with an offering by Naftogaz of Ukraine of USD500 million 7.625% loan participation notes due 2026
Advised Kernel Holding S.A. in connection with an offering of USD300 million 6.5% guaranteed notes due 2024
Acted as the Ukrainian legal counsel to Metinvest B.V. on (i) dual-currency Eurobond issue, including a USD500 million 10-year tranche at 7.75% per annum and a EUR300 million 5-year tranche at 5.625% per annum and (ii) a tender offer for the USD944,5 million Eurobonds due in 2023 to purchase for cash up to USD440 million of the paper
Advised MHP Lux S.A. on USD350 million offering of 6.250% notes due 2029
Advised the joint lead managers, Citigroup Global Markets Limited and Deutsche Bank AG, London Branch, with respect to 7.125% EUR600 million and 7.375% USD335 million Eurobond offering of Naftogaz of Ukraine
Advised the joint lead managers with respect to UAH4.051 billion Eurobond offering by Joint Stock Company “The State Export-Import Bank of Ukraine (“Ukreximbank”). The transaction was structured as an offering of UAH4.051 billion, 16.5% loan participation notes due in 2021
Advised MHP on USD550 million, 8 year, 6.95% Eurobond issue with the benefit of the guarantees from its Ukrainian subsidiaries
Advised Kernel Holding S.A. in connection with an offering of its USD500 million 8.75% guaranteed notes due 2022
Advised MHP S.A. on the benchmarck USD500 million, 7 year, 7.75% Eurobond issue with the benefit of the guarantees from its Ukrainian subsidiaries
Advised Noteholders’ Committee of Mriya Agro Holding plc (representing majority of USD470 million notes issued by Mriya Agro Holding) in connection with restructuring of Mriya Agro Holding debt
Advised large Ukrainian industrial group on tax and legal aspects of restructuring of its Crimean business operations upon occupation of Crimea by Russian Federation
Advised Asamer Holding AG, a major Austrian producer of building materials, in the restructuring of the group’s external debt and corporate restructuring of part of the group
Advised Interpipe, the leading producer of steel pipes in Eastern and Central Europe, in connection with the restructuring of its USD887 million credit portfolio
