Real estate finance

Major property investment fund

Structured real estate financing of the construction of a premium outlet village near a major European city by a joint venture.

Major property investment fund

US$205 million loan from a syndicate of lenders led by Unicredit in respect of a real estate investment in a major European city.

More: Real estate finance

Trade finance

Cheniere LNG

Various trade finance facilities with major banks.

South American Mining Company

$1 billion pre-export financing from a Chinese bank.

Project finance

Interpipe

$344 million export credit-backed project financing provided by a syndicate led by Citibank and Barclays, in respect of the construction of a new steel plant in Ukraine.

EBRD

Acting for EBRD on its €24.5million project financing of a 30MWp solar plant in the Kamianka region of Ukraine for Scatec Solar.

Restructuring and insolvency

Interpipe debt restructuring (closed 2019)

The consensual restructuring of the entire debt portfolio of Interpipe (a major Ukrainian producer of steel). Over $1 billion of financial debt across multiple facilities was reduced and restructured (into a combination of debt and equity like instruments).

Interpipe debt restructuring (closed 2011)

This initial restructuring made the entire debt portfolio (including the restructuring of a project financing in an amount in excess of US$210 million guaranteed by SACE) subject to override terms and introduced a common security package.

Swedish debt restructuring

Acting for a supplier of a crude oil to a Swedish manufacturer of crude oil products. Our client agreed to become a lender alongside the financial institutions in a court sanctioned composition process. Our client’s debt was, as a result, restructured into a combination of financial indebtedness and a warrant like instrument.

More: Restructuring and insolvency

Projects and infrastructure

IFC and EBRD

Joint financing of the development of a international airports in Tbilisi and Batumi in Georgia.

KFW and Kuwaiti banks

Acting for lenders in respect of the financing of a wastewater treatment PPP project in Kuwait.

IFC, European Investment Bank and FMO

Project financing of a soda ash plant in Kenya.

Mining and minerals

Interpipe debt restructuring

US$1 billion restructuring of debt portfolio (2011). Restructuring and consensual reduction of same portfolio (closed, 2019).

Unicredit and EBRD

Financing of the expansion of the Chelopech gold and copper mine in Bulgaria. 

More: Mining and minerals

Energy and natural resources

EBRD

Project financings of the investments of SOCAR and Lukoil, respectively, in the Shah Deniz gas field, off the coast of Azerbaijan. 

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Oil and gas

EBRD

Project financings of the investments of SOCAR and Lukoil, respectively, in the Shah Deniz gas field, off the coast of Azerbaijan.

EBRD

Project financings of the investments of SOCAR and Lukoil in the South Caucasus gas pipeline. 

Swedish debt restructuring

Acting for a supplier of a crude oil to a Swedish manufacturer of crude oil products. Our client agreed to become a lender alongside the financial institutions in a court sanctioned composition process. Our client’s debt was, as a result, restructured into a combination of financial indebtedness and a warrant like instrument.

More: Oil and gas

Power and renewables

Saudi Electric Company

Advising on the 1,360MW Rabigh Independent Power Project.

EBRD

Restructuring of its $200 million project financing of a power plant in Slovenia.

EBRD

Acting for EBRD on its €24.5 million project financing of a 30MWp solar plant in the Kamianka region of Ukraine for Scatec Solar.