Avellum Partners advises on three Eurobond Offerings and two Liability Management Transactions out of Ukraine
Avellum Partners is proud to announce that it acted as the Ukrainian law counsel on three Eurobond offerings and two liability management transactions out of Ukraine.
New Eurobond Offering and Tender Offer and Consent Solicitation by DTEK
Avellum Partners advised DTEK Group on the new issue (the “New Issue”) of USD600 million 7,875% high yield notes due 2018, admitted to trading on the Global Exchange Market of the Irish Stock Exchange, coupled with the cash tender offer and the related consent solicitation (the “Tender Offer”) for the outstanding USD500 million 9,50% notes due 2015. Deutsche Bank AG, London Branch, ING Bank N.V., London Branch, J.P. Morgan Securities plc, Sberbank CIB, UniCredit Bank AG, and VTB Capital plc acted as joint lead managers for the New Issue. Deutsche Bank AG, London Branch, and J.P. Morgan Securities plc acted as joint dealer managers for the Tender Offer.
New Eurobond Offering and Tender Offer and Consent Solicitation by MHP
Avellum Partners advised MHP Group on the new issue (the “New Issue”) of USD750 million 8,25% high yield notes due 2020, admitted to trading on the Global Exchange Market of the Irish Stock Exchange, coupled with the cash tender offer and the related consent solicitation (the “Tender Offer”) for the outstanding USD584,767,000 10,25% notes due 2015. J.P. Morgan Securities plc, Morgan Stanley & Co. International plc, and VTB Capital plc acted as joint bookrunners for the New Issue and joint dealer managers for the Tender Offer.
Debut Eurobond Offering by Ukrlandfarming
Avellum Partners advised Citigroup Global Markets Limited, Deutsche Bank AG, London Branch and Sberbank CIB acting as joint lead managers in connection with the debut issue of USD275 million 10.875% Notes due 2018 by Ukrlandfarming plc. The Notes are listed on the Irish Stock Exchange.
These transactions* were led by Partners, Glib Bondar and Mykola Stetsenko, with significant input from Associates Olena Polyakova, Artem Shyrkozhukhov, Oleksandr Polonyk, Taras Dmukhovskyy, and Gennadii Roschepii. Other Associates of Avellum Partners were involved in these transactions at different stages.
*transactions are listed in the alphabetical order
Disclaimer
Not for release, directly or indirectly, in the United States of America, Australia, Canada or Japan. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. These materials do not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United States. No public offering of the securities will be made in the United States.
This communication is being distributed only to and is directed only at (a) persons outside the United Kingdom, (b) persons who have professional experience in matters relating to investments, i.e., investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), and (c) high net worth companies, unincorporated associations and other bodies to whom it may otherwise lawfully be communicated in accordance with Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The securities are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be available only to or will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.
