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Redcliffe Partners and Clifford Chance Advise Citibank Europe on USD 88 Million Loan Restructuring

Redcliffe Partners and Clifford Chance Advise Citibank Europe on USD 88 Million Loan Restructuring

Deals and Cases

Redcliffe Partners and Clifford Chance have advised Citibank Europe Plc (UK Branch) on the restructuring of a USD 16 million outstanding loan provided to Rubizhne Cardboard & Packaging Mill under an up-to USD 88 million term facility.

Legal support on the transaction included drafting an amendment and restatement agreement to the Rubizhne Cardboard & Packaging Mill (JSC RKTK) loan, drafting and signing amendment agreements to security documents, collecting and reviewing condition precedents, and preparing legal opinions.   

JSC RKTK has been in the packaging market since 1991, producing corrugated board transit packaging in Ukraine, as well as exporting its products.

The Redcliffe team included Managing Partner Olexiy Soshenko and Associate Evgeniy Vazhynskiy.

The Clifford Chance team advising Citibank Europe Plc on English law aspects of the facility restructuring was led by Istanbul-based Managing Partner Jared Grubb.


Ukraine Knowledge Partner

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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