17
Sun, Feb
45 New Articles

White & Case advises SIBUR on Eurobonds Tender Offer

White & Case advises SIBUR on Eurobonds Tender Offer

Russia
Typography

White & Case has advised SIBUR, a leading Russian gas processing and petrochemicals company, on the tender offer related to the USD 500 million, 4.125% Guaranteed Notes due 2023 issued by SIBUR Securities DAC and unconditionally and irrevocably guaranteed by PJSC SIBUR Holding.

The aggregate principal amount of notes accepted for purchase pursuant to the offer is US$192 million. Regulation S notes in the aggregate principal amount of USD 183 million, tendered through Euroclear and Clearstream, were accepted for purchase to be held by PJSC SIBUR Holding for its own account, and Rule 144A notes in the aggregate principal amount of USD 8,960,000, tendered through DTC, were cancelled.

The White & Case team was led by Partner Darina Lozovsky (Moscow & London) and included Local Partner Dmitry Lapshin (Moscow), Counsel Doron Loewinger (London), and Associates Renat Akhmetzyanov, Yulia Akulinina and Anastasia Sheyndlina (all Moscow).