Aequo Advises on First Financial Restructuring Under New Ukrainian Law with Multiple Creditors

Aequo Advises on First Financial Restructuring Under New Ukrainian Law with Multiple Creditors

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Aequo has advised JSCB Industrialbank on the restructuring of Mercury LLC's EUR 19.7 million debt under a syndicated loan secured by the mortgage of Kyiv's Khreschatyk hotel.

According to Aequo, the loan was the first-ever financial restructuring made under Ukraine's On Financial Restructuring law involving multiple creditors: JSCB Industrialbank, JSC Express-Bank, and the financial company Capital Express LLC.

Aequo's team was supervised Partner Yulia Kyrpa and included Associate Valeriy Savva.