Norton Rose advises on US$1.3bn financing agreement for SUEK
11 November 2011
International legal practice Norton Rose LLP has advised on a five-year loan facility agreement of up to US$1.3 billion for Russian coal company SUEK.
A team from Norton Rose LLP’s London and Moscow offices advised a syndicate of 16 banks, lead by the Coordinating mandated lead arrangers of the loan, UniCredit Bank and ING Bank. The transaction closed on 27 October and will provide SUEK with a pre-export finance facility.
Mathew Hinxman, senior associate at Norton Rose LLP, commented:
“This deal represents a very large loan facility agreed within an ambitious timeframe. We’re delighted that that transaction has been brought to a close within less than three months, drawing on the expertise of our team in both London and Moscow, and underlining our commitment to Russia and the CIS region.”
Norton Rose LLP’s London team was led by partner Nicholas Grandage and senior associate Matthew Hinxman, with assistance from Irina Zghibarti, Natalie Coverdale and Daniela Schluckebier. The Moscow team was led by partner Alexander Tsakoev and assisted by Ksenia Zolotova.
Baker Botts LLP represented SUEK on the transaction.
For further information please contact:
Jane Lougher, PR Manager, Norton Rose LLP
Tel: 44 (0)20 7444 2063, Mob +44 (0)7595 886 200