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.