17
Thu, Aug
41 New Articles

Debevoise and Hogan Lovells Advise on USD 250 Million Credit Facility for NLMK

Debevoise and Hogan Lovells Advise on USD 250 Million Credit Facility for NLMK

Russia
Typography

Debevoise has advised NLMK and its U.S. subsidiaries on a USD 250 million revolving ABL facility to refinance existing indebtedness. Hogan Lovells advised sole coordinator and bookrunner and mandated lead arranger Bank of America Merrill Lynch International, as well as mandated lead arrangers JPMorgan Chase Bank and Citibank. Bank of America was appointed as facility agent, collateral agent, and issuing bank.

In 2015, Debevoise and Hogan Lovells both advised on a similar EUR 250 million revolving collateralized credit facility for NLMK (as reported by CEE Legal Matters on May 22, 2015) and on a USD 400 million 4-year pre-export finance facility for NLMK (as reported by CEE Legal Matters on November 4, 2015), both in 2015. Debevoise also advised NLMK on a USD 700 million 7-year Eurobond offering last year (as reported on June 17, 2016). 

The Debevoise team advising NLMK on this most recent facility was led by London-based Partner Alan Davies and Moscow-based International Counsel Dmitry Karamyslov. The team also included Associates Daria Serebrova and Patricia Teixeira. Tax advice was provided by New York-based Counsel Huey-Fun Lee and London-based Associate Patrick Fasoro.

The Hogan Lovells team in London was led by Finance Partner David Leggott, supported by Senior Associate Philip Beswick. The firm's team in the U.S. was led by New York Partner Russell DaSilva, assisted by Andrew Lee. The Moscow team was led by Senior Associate Oleg Gritsenko.

Our Latest Issue