Asters advises Ukrzaliznytsia on USD 500 million loan restructuring
Asters alongside with White & Case LLP (UK) acted as legal counsels to PJSC Ukrzaliznytsia, Ukrainian public railway company, in connection with restructuring of USD 500 million 9.875 per cent loan participation notes due 2021. The reprofiling included amendments to the terms of the loan agreement due to adjusting the portfolio of Ukrzaliznytsia’s local indebtedness.
Asters advisory role included full legal support on Ukrainian law matters, including in relation with registration of amendments to foreign loans with the National Bank of Ukraine, assistance in negotiating and drafting transaction documents, and advising on banking and finance and other Ukrainian law matters.
Asters’ project team consisted of Senior Partner Armen Khachaturyan and Associate Olena Nikolenko.
Ukrzaliznytsia (Ukrainian Railways) Public Joint Stock Company is a public railway network operator in Ukraine that controls vast majority of the railroad transportation in the country with a combined total length of track of over 23.000 km, which makes the Ukrainian railroad network the 14th largest in the world. Ukrzaliznytsia is also the world’s 6th largest rail passenger transporter and world’s 7th largest freight transporter.
Asters is a full-service independent national law firm that has maintained a strong presence in Ukraine since 1995. Asters has extensive industry-specific experience and plays a leading role in advising clients in various market sectors. The Firm has consistently remained at the top of the Ukrainian legal market throughout its history being acknowledged as the Law Firm of the Decade by Ukraine’s Legal Awards 2016.The Firm is also a two-time winner of the Law Firm of the Year: Ukraine and the CIS award (The Lawyer European Awards 2014 and 2015) and holds top positions in the most authoritative international and Ukrainian market reviews: The Legal 500, Chambers Global and Chambers Europe, IFLR 1000, Who’s Who Legal, Best Lawyers, Expert Guides, and Top 50 Law Firms Annual National Ranking.