22
Tue, Oct
61 New Articles

Clifford Chance and Linklaters Advise on Integra Group Refinancing

Clifford Chance and Linklaters Advise on Integra Group Refinancing

Russia
Typography

The Moscow office of Clifford Chance has advised Integra Group on the restructuring of RUB 8.7 billion in debt provided by a syndicate consisting of Sberbank and Alfa-Bank. Linklaters advised the banks on the restructuring.

According to Clifford Chance, all obligations under the syndicated loan are to be performed by December 2022, "allowing the company to significantly extend the repayment period for existing loans, obtain a convenient schedule, and to raise additional working capital finance."

"We appreciate the flexibility of our financial partners," said Integra Group President Felix Lyubashevsky. "The restructuring has significantly contributed to the achievement of Integra Group's business objectives and has given us an opportunity to efficiently optimise the credit portfolio. This will allow to strengthen the company's position at the local oil service market and will materially contribute to the implementation of international projects."

The Clifford Chance Moscow team working on the deal was led by Counsel Vladimir Barbolin with support from Partner Arthur Iliev and Senior Associate Ekaterina Matveychuk on the corporate side.

Linklaters' Partner Michael Bott and Managing Associate Nikolai Kurmashev led that firm's team on the matter, and they were assisted by Managing Associates Maxim Kraynov and Maxim Solomin and Associates Andrey Arzybov and Tatiana Lashina.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

Our Latest Issue