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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

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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 key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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