Egorov Puginsky Afanasiev & Partners Ukraine has advised Credit Suisse and Morgan Stanley as joint dealer managers on exchange offer for USD 500 million 7.875% guaranteed notes due 2016 issued by Ferrexpo Finance plc. The exchange offer completed on 24 February 2015.
Ferrexpo Finance plc issued USD 160,724 million 10.375% guaranteed amortizing notes due 2019 in the course of restructuring of the existing USD 500 million 7.875% guaranteed notes of due on April 7, 2016. The new bonds are guaranteed by Ferrexpo plc, Ferrexpo Middle East FZE and Ferrexpo AG and benefit from the suretyship of Ferrexpo Poltava Mining and were issued under Regulation S and Rule 144A of the U.S. Securities Act of 1933.
Egorov Puginsky Afanasiev & Partners Ukraine also advised UBS, J.P.Morgan and Morgan Stanley, the joint lead managers on the original issue earlier in April 2011.
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 35 years. Ferrexpo’s resource base is one of the largest iron ore deposits in the world. The Group is the 5th largest supplier of pellets to the global steel industry and the largest exporter of pellets from the CIS. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO.
The firm’s deal team included Senior Associate Kateryna Oliynyk, Associate Oleksii Latsko and was led by partner Roman Stepanenko.
Source: epam.ru
