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Sayenko Kharenko Advises Toronto-Kyiv on Restructuring with of Alfa-Bank Loan

Sayenko Kharenko Advises Toronto-Kyiv on Restructuring with of Alfa-Bank Loan

Ukraine
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Sayenko Kharenko has advised PJSC Toronto-Kyiv on the complex restructuring of a cross-border syndicated loan facility from PJSC Alfa-Bank raised to develop the Toronto-Kyiv Business Center located in downtown Kyiv.

With the amount of restructured debt of approximately USD 100 million, the deal is reported to be the biggest financial restructuring completed under the recently enacted Financial Restructuring Law of Ukraine.

The Toronto-Kyiv Complex, which is located in the heart of the historical & business district in Kyiv, consists of Class A office premises, retail space, restaurant areas, five floors of underground parking, and a Holiday Inn Kyiv hotel, managed by the InterContinental Hotels Group.

Sayenko Kharenko’s team was led by Counsel Oleksandr Nikolaichyk assisted by Associates Daryna Dashkevych, Oksana Daskaliuk, and Mykhailo Grynyshyn, under the general supervision of Partner Michael Kharenko. Partner Nazar Chernyavsky and Counsel Anton Korobeynikov advised on the application of financial restructuring procedures under the new law.

 

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Avellum is a leading Ukrainian full service law firm with a special focus on finance, M&A, and dispute resolution. Our goal is to be the firm of choice for our clients with respect to their most significant business transactions. We bring the most advanced Western legal techniques and practice, which, coupled with our first-hand knowledge, broad industry experience, and unparalleled level of service, will help our clients achieve best results in their business endeavours. We work seamlessly in integrated teams with premier US, UK and European law firms in course of multijurisdictional transactions. The team consists of 26 highly qualified attorneys, including three partners – Mykola Stetsenko, Glib Bondar, and Dmytro Marchukov, who are actively involved in every transaction. Avellum is recognised as one of the leading law firms in Ukraine by various international legal directories and Ukrainian legal editions (Chambers, Legal500, IFLR1000, Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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