Ferrexpo bond exchange offers

6/7/2015

Bond/note exchange offer

Value:

$ 785.669 million

Status:

Completed

Date:

6/7/2015

Overview:

Ferrexpo has undertaken two exchange offers for its existing notes.
In the first the company exchanged $500 million in 7.875% notes due 2016 for a further series of $185.6 million 10.375% amortising notes due 2019.
In the second the company exchanged $285.6 million of notes due 2016 for cash and $160.7 million 10.375% amortising notes due 2019.
Deutsche Bank acted as dealer manager.

Sam Duke - Editor

Jurisdictions:

United Kingdom
Ukraine

Deal type:

Bond/note exchange offer

Practice area:

Capital markets : Debt

Industry sector:

Industrials and manufacturing

Firms:

Avellum

Party: Ferrexpo (Issuer)

Lawyer: Glib Bondar

Egorov Puginsky Afanasiev & Partners

Party: Deutsche Bank AG Na ON (Manager)

Herbert Smith Freehills

Party: Ferrexpo (Issuer)

Lawyer: Amy Geddes

Linklaters

Party: Deutsche Bank AG Na ON (Manager)

Lawyer: Toby Grimstone

Walder Wyss

Party: Ferrexpo (Issuer)

Lawyers: Johannes Bürgi, Lukas Wyss

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