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Redcliffe Partners advised Ferrexpo Plc. on US$400 million pre-export finance facility

08/ 11/ 2018
  Redcliffe Partners acted as Ukrainian legal counsel to Ferrexpo plc., a leading European producer of iron ore pellets, in connection with a US$400 million four-year committed revolving pre-export finance facility (the “2018 PXF”). The 2018 PXF combines the extension of debt maturity profile for existing money under the 2017 PXF and the raising of new money, which permitted an increase in the total facility amount to $400 million. Nine foreign banks and financial institutions participate in the syndicate, and BNP Paribas S.A. and Deutsche Bank AG acted as mandated lead arrangers for the 2018 PXF. Olexiy Soshenko, the Head of the firm’s Banking & Finance practice, said: “The new PXF demonstrates the continuing commitment of leading finance institutions to supporting Ferrexpo, and we are pleased to have assisted Ferrexpo with the successful closing of this transaction.”

Redcliffe Partners acted as Ukrainian legal counsel to Ferrexpo plc., a leading European producer of iron ore pellets, in connection with a US$400 million four-year committed revolving pre-export finance facility (the “2018 PXF”).

The 2018 PXF combines the extension of debt maturity profile for existing money under the 2017 PXF and the raising of new money, which permitted an increase in the total facility amount to $400 million. Nine foreign banks and financial institutions participate in the syndicate, and BNP Paribas S.A. and Deutsche Bank AG acted as mandated lead arrangers for the 2018 PXF.

Olexiy Soshenko, the Head of the firm’s Banking & Finance practice, said: “The new PXF demonstrates the continuing commitment of leading finance institutions to supporting Ferrexpo, and we are pleased to have assisted Ferrexpo with the successful closing of this transaction.”

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