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Clifford Chance and Linklaters Advise on Integra Group Refinancing

Clifford Chance and Linklaters Advise on Integra Group Refinancing


The Moscow office of Clifford Chance has advised Integra Group on the restructuring of RUB 8.7 billion in debt provided by a syndicate consisting of Sberbank and Alfa-Bank. Linklaters advised the banks on the restructuring.

According to Clifford Chance, all obligations under the syndicated loan are to be performed by December 2022, "allowing the company to significantly extend the repayment period for existing loans, obtain a convenient schedule, and to raise additional working capital finance."

"We appreciate the flexibility of our financial partners," said Integra Group President Felix Lyubashevsky. "The restructuring has significantly contributed to the achievement of Integra Group's business objectives and has given us an opportunity to efficiently optimise the credit portfolio. This will allow to strengthen the company's position at the local oil service market and will materially contribute to the implementation of international projects."

The Clifford Chance Moscow team working on the deal was led by Counsel Vladimir Barbolin with support from Partner Arthur Iliev and Senior Associate Ekaterina Matveychuk on the corporate side.

Linklaters' Partner Michael Bott and Managing Associate Nikolai Kurmashev led that firm's team on the matter, and they were assisted by Managing Associates Maxim Kraynov and Maxim Solomin and Associates Andrey Arzybov and Tatiana Lashina.

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