Debevoise & Plimpton has advised the NLMK Group on a EUR 600 million revolving credit facility from a group of international banks, with an accordion option allowing the borrower to increase the funding limit up to EUR 1 billion. Hogan Lovells reportedly advised the banks on the deal.
Credit Agricole Corporate and Investment Bank, NATIXIS, Intesa Sanpaolo Bank Ireland Plc, SGBTCI, AO Raiffeisenbank, Bank of America Merrill Lynch International DAC, Mizuho Bank, Ltd., Deutsche Bank AG, London Branch, Bank ICBC (JSC), ING Bank N.V., and UniCredit S.p.A. acted as mandated lead arrangers. ING Bank is the coordinator and documentation agent and UniCredit S.p.A. is the facility agent on the transaction.
Debevoise & Plimpton’s team included Moscow-based Counsel Dmitry Karamyslov and Associate Olga Panfilova and London-based Associates Patrick Fasoro and Heather Atkins.