Aequo advises TMM on the financial restructuring of a credit facility granted by Oschadbank

Aequo advised TMM on the financial restructuring of a credit facility granted by Oschadbank that had been implemented pursuant to Ukrainian Law “On Financial Restructuring”.

The TMM company is one of Ukraine’s leading real estate developers and has been active in residential, commercial and industrial real estate sectors since 1994. Oschadbank JSC is the second-biggest state-owned bank and the biggest bank based upon the number of branches in Ukraine.

The transaction represents yet another successful debt restructuring pursuant to the Ukrainian Law “On Financial Restructuring”, having proved once again how effective the new legal instruments are.

The Aequo team assisted TMM in negotiating the restructuring terms with Oschadbank, drafting the transaction documentation, as well as supporting TMM in the course of completion of the transaction to be beneficial for the businesses of both parties – the lender and the borrower.