Aequo Advises Sberbank on the Restructuring of a Multi-Million Loan Facility to Smila Electromechanical Plant

In January 2017 Sberbank (Ukrainian subsidiary of Sberbank of Russia) signed the transaction documents in the course of restructuring of a multi-million loan facility granted to Smila Electromechanical Plant - one of the largest Ukrainian producers of electric equipment for railway machines, large-capacity vehicles, municipal passenger electric transport, port facilities, and industrial lifting devices.

Aequo acted as a legal adviser to the lender in this matter, which included drafting and negotiating the restructuring documentation, controlling the CPs fulfillment, as well as issuance of the legal opinion in favor of the lender upon completion of the transaction.

“It was extremely satisfying for us to draw on our knowledge to guide the creditor throughout the restructuring process, as well as to demonstrate our expertise in the debt restructuring field, which is likely to remain the hottest area in 2017,” comments Yulia Kyrpa, partner, head of Banking and Finance.

Aequo project team included of counsel Maryna Fedorenko and senior associate Denys Kulgavyi, who worked under the supervision of partner Yulia Kyrpa, head of Banking and Finance.