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DLA Piper and Herbert Smith Freehills Advise on Veon Holdings' Refinancing

DLA Piper and Herbert Smith Freehills Advise on Veon Holdings' Refinancing

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DLA Piper has advised Veon Holdings B.V., a member of the multinational VEON group, on the RUB 100 billion refinancing of its facilities with Russia's Sberbank. Herbert Smith Freehills advised Sberbank.

According to DLA Piper, "the new term loan facility entered into with Sberbank on 3 June 2020 will be used to refinance and extend the maturity of the existing loan between Sberbank and Veon Holdings, as well as to provide additional funds for Veon Holdings’ general corporate purposes."

The DLA Piper team was led by London-based Partner Mark Dwyer, Legal Director Mei Mei Wong and Associate Elvis Dangol. The Amsterdam team included Partner Gerard Kneppers and Advocaat Jocelyn van Moergastel, and the Moscow team consisted of Partner Karen Young and Legal Director Alexei Kolesnikov.

 

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

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