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Asters Advises Ipnet on Debt-to-Equity Swap

Asters Advises Ipnet on Debt-to-Equity Swap

Ukraine
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Asters has advised Industrial Media Network PrJSC, a provider of telecommunication services in Ukraine, in connection with an intra-group loan restructuring via a debt-to-equity swap.

According to Asters, ”the debt restructuring was the first to be carried out in Ukraine with the use of this instrument in accordance with the new corporate and currency control regulations.” The conversion resulted in the transfer of USD 3 million loan obligations owed to a foreign parent company into additional shares of IPnet.

Asters' team included Partner Vadym Samoilenko and Senior Associate Maryana Sayenko. 

 

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