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Asters and White & Case Advise Ukrzaliznytsia on USD 500 Million Loan restructuring

Asters and White & Case Advise Ukrzaliznytsia on USD 500 Million Loan restructuring

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Asters and White & Case LLP (UK) have acted as legal counsels to PJSC Ukrzaliznytsia, the Ukrainian public railway company, in connection with the restructuring of USD 500 million 9.5 per cent loan participation notes due 2018. The reprofiling includes exchanging the 2018 notes for the new USD 500 million 9.875 per cent notes due 2021 and an amending of the loan agreement.

Ukrzaliznytsia (Ukrainian Railways) Public Joint Stock Company is a public railway network operator in Ukraine that controls a majority of the railroad transportation in the country with a combined total length of track of over 23,000 kilometers, which makes the it the 14th largest railroad network in the world. According to Asters, "Ukrzaliznytsia is also the world's 6th largest rail passenger transporter and world's 7th largest freight transporter."

Asters advisory role included legal support on Ukrainian law matters, assistance in negotiating and drafting transaction documents, registration of amendments to foreign loans with the National Bank of Ukraine, assistance in obtaining all necessary regulatory approvals, and advising on banking and finance and other Ukrainian law matters.

The Asters team consisted of Senior Partner Armen Khachaturyan and Associates Olena Nikolenko and Oleksandr Khomenko.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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