News (#11-12 November-December 2020)


AVELLUM and Sayenko Kharenko acted on USD 333 million Eurobond issue and cash tender offer by Metinvest

AVELLUM acted as the Ukrainian legal counsel to Metinvest B.V. on the issuance of USD 333 million, 7-year 7.65% notes due in 2027; and cash tender offers on its USD 118 million 7.50% senior notes due 2021, of which USD 115,309,027.07 were then outstanding, and USD 944.5 million 7.75% senior notes due 2023, of which USD 504,515,000.00 were then outstanding, with a concurrent consent solicitation in respect of the 2021 bonds to include the issuers call option.

Deutsche Bank and Natixis served as joint global coordinators and, together with IMI Intesa Sanpaolo and Raiffeisen Bank International, acted as joint bookrunners of the new Eurobond offering and joint dealer managers for the tender offers and consent solicitation.

The AVELLUM team was led by senior partner Glib Bondar with significant support from senior associate Anastasiya Voronova and associates Oleg Krainskyi, Mariana Veremchuk, and Mykola Falko. Partner Vadim Medvedev, senior associate Anton Zaderyholova, and associate Oles Bidnoshyia provided tax support.

Sayenko Kharenko has acted as Ukrainian legal counsel toDeutsche Bank,Natixis,IMI Intesa Sanpaolo,andRaiffeisen Bank International.

Sayenko Kharenkos team was led by partnerIgor Lozenkoand included associates Oles Trachuk, Vladyslava Mitsai, Sofiia-Mariia Kuzminska, and junior associate Oleksandr Motin.

Sayenko Kharenko acted as advisor on sale of Ukrainian railway operator to Glencore

Sayenko Kharenko has acted as legal counsel to Myrwayton Holding Limited in relation to the sale of an unspecified railway operator to Renaisco B.V., a subsidiary of Glencore Agriculture.

Sayenko Kharenko provided sell-side legal support for the transaction, including drafting and negotiating of transaction documents, obtaining merger clearance, pre-closing and closing assistance.

Sayenko Kharenkos transaction team was represented by partner Oleksandr Nikolaichyk and associate Ilhar Hakhramanov with the support of junior associate Daria Karlenko; antitrust team included partner Vladimir Sayenko and senior associate Julia Kuyda.

EVERLEGAL acted as a legal counselto UDP Renewables

The HUDZOVKA SES project includes two solar power plants: Hudsovka-Solar-1 and Hudsovka-Solar-2, which the client together with its project partner Acciona Energy successfully commissioned on 5 November 2020.

EVERLEGAL provided full transactional and regulatory support to UDP Renewables in connection with the project, starting from MoU and up to closing as well as on post-completion integration matters during formation of a joint venture with Acciona Energy. The firms team carried out due diligence, drafted and negotiated transactional documents, and advised the client on various regulatory, financing and merger clearance matters. The team also have also supported client in connection with further development, construction and commission of the project as well as project related financing, employment and regulatory matters.

EVERLEGAL team was led by Andriy Olenyuk, partner and head of Energy Practice, together with the expert energy team consisting of: managing partner Yevheniy Deyneko, senior associate Yuliia Kylchynska, associate Alina Zhuk and junior associates Olha Horodniuk and Lidiia Vatutina.

Sayenko Kharenko legal adviser on 800 MW wind farm project EPC contract

Sayenko Kharenko provided legal advice and support for WIND FARM LLC in relation to the conclusion of an EPC contract (FIDIC form) with POWERCHINA. The contract provided for the joint implementation of an 800 MW wind farm in the Mangushskyi and Nikolskyi Districts of Donetsk Region.

In particular, it verified compliance of the contract with Ukrainian legislation, analyzed risks and consulted on other issues regarding the contract conclusion.

The Sayenko Kharenko project team was represented by counsel Marina Hritsyshyna, supported by senior associate Nataliia Hutarevych. The new project will attract about USD 1 billion worth of investment into Donetsk Region and create new jobs.

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