Sayenko Kharenko and Latham & Watkins have advised joint lead managers Credit Agricole, J.P. Morgan, and Natixis on the USD 300 million 7-year 6.75 percent Eurobond issue by Kernel. The issuance was coupled with a tender offer to the holders of Kernel’s existing USD 500 million 5-year 8.75 percent Eurobond due in 2022. Avellum advised Kernel on Ukrainian aspects of the issuance, with Linklaters reportedly advising on matters of English and US law, Arendt & Medernach on Luxembourg law, and Borel & Barbey on Swiss law.
Sayenko Kharenko describes Kernel as "the world’s largest producer and exporter of sunflower oil and a leading supplier of agricultural products from the Black Sea region to global markets." The company supplies its products to more than 80 countries.
Sayenko Kharenko’s team was led by Partner Igor Lozenko and included Associates Denis Nakonechnyi, Oles Trachuk, Vira Pankiv, Vladyslava Mitsai, Sofiia-Mariia Kuzminska and Junior Associate Oleksandr Motin.
Avellum's team included Senior Partner Glib Bondar, Partner Vadim Medvedev, Senior Associates Anastasiya Voronova and Anton Zaderyholova, and Associates Oleg Krainskyi, Anna Mykhalova, Anastasiya Zhebel, Mariana Veremchuk, Mykola Falko, Viktoria Bilenko, Vladyslav Kostin, and Oles Bidnoshyia.