Clifford Chance Moscow has advised a consortium of banks on a EUR 150 million syndicated facility for PJSC Chelyabinsk Pipe, a Russian manufacturer of tubular goods and the provider of integrated solutions for fuel and energy companies. The ChelPipe group was advised by Dentons.
The deal was closed as a four-year unsecured facility. Raiffeisenbank, Commerzbank, UniCredit, Rosbank, ICBC, and Agricultural Bank of China Limited acted as Mandated Lead Arrangers. Raiffeisenbank acted as Documentation Agent and Facility Agent for the Facility.
The revenues of the loan will be used for the refinancing of Chelpipe Group loan portfolio.
The Clifford Chance team was led by Moscow Managing Partner and Head of Banking and Finance Victoria Bortkevicha, supported by Counsel Vladimir Barbolin, Senior Associate Natalia Veryasova, and Associate Ksenia Mikhaylova.
Dentons did not reply to an inquiry about the deal.