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Sayenko Kharenko Advises Naftogaz 2022 Noteholders on Amendment and Extension

Sayenko Kharenko Advises Naftogaz 2022 Noteholders on Amendment and Extension

Ukraine
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Sayenko Kharenko has advised an ad-hoc group of noteholders in connection with the consent solicitation launched by Naftogaz to amend and extend its USD 335 million in 7.375% notes due 2022.

Naftogaz is Ukraine’s largest state-owned oil and gas company.

According to Sayenko Kharenko, the noteholders provided the requested consent for the amendments to the terms of the 2022 notes, which included an extension of the notes’ maturity. "As a result of the successful amendment of the 2022 notes and, in parallel, the 2026 notes, Naftogaz has exited the defaults that the company entered into due to the impact of the ongoing Russian military aggression against Ukraine."

The Sayenko Kharenko team included Partners Igor Lozenko and Anton Korobeynikov and Senior Associate Denis Nakonechnyi.

Sayenko Kharenko did not respond to our inquiry on the matter.

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