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Sayenko Kharenko and Avellum Advise on USD 300 Million Eurobond Issue by Kernel

Sayenko Kharenko and Avellum Advise on USD 300 Million Eurobond Issue by Kernel

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Sayenko Kharenko and Latham & Watkins have advised joint lead managers Credit Agricole, J.P. Morgan, and Natixis on the USD 300 million 7-year 6.75 percent Eurobond issue by Kernel. The issuance was coupled with a tender offer to the holders of Kernel’s existing USD 500 million 5-year 8.75 percent Eurobond due in 2022. Avellum advised Kernel on Ukrainian aspects of the issuance, with Linklaters reportedly advising on matters of English and US law, Arendt & Medernach on Luxembourg law, and Borel & Barbey on Swiss law. 

Sayenko Kharenko describes Kernel as "the world’s largest producer and exporter of sunflower oil and a leading supplier of agricultural products from the Black Sea region to global markets." The company supplies its products to more than 80 countries.

Sayenko Kharenko’s team was led by Partner Igor Lozenko and included Associates Denis Nakonechnyi, Oles Trachuk, Vira Pankiv, Vladyslava Mitsai, Sofiia-Mariia Kuzminska and Junior Associate Oleksandr Motin.

Avellum's team included Senior Partner Glib Bondar, Partner Vadim Medvedev, Senior Associates Anastasiya Voronova and Anton Zaderyholova, and Associates Oleg Krainskyi, Anna Mykhalova, Anastasiya Zhebel, Mariana Veremchuk, Mykola Falko, Viktoria Bilenko, Vladyslav Kostin, and Oles Bidnoshyia.

Avellum at a Glance

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