Avellum has advised DTEK Renewables Finance on a successful consent solicitation in relation to its EUR 325 million 8.50% senior notes due 2024.
According to Avellum, "the consent solicitation in relation to the notes resulted in the extension of the notes’ maturity by three years – from November 2024 to November 2027. Noteholders also supported the proposals related to the development of the second phase of DTEK Tyligulska wind power plant construction for 384 megawatts noting the crucial importance of the project for bolstering Ukraine’s energy capacity and addressing the severe damage inflicted on the country’s energy infrastructure due to the Russian ongoing attacks."
The Avellum team included Senior Partner Glib Bondar, Managing Associate Mariana Veremchuk, Associate Andrii Kroshko, and Junior Associate Olha Harhola.
