AEQUO advised JSCB Industrialbank in the course of restructuring of USD 19,7 million indebtedness under the syndicated loan granted to the Ukrainian borrower – Mercury LLC – and secured by the mortgage of Kyiv Hotel “Khreschatyk”.
It was the first-ever financial restructuring under the Law of Ukraine “On Financial Restructuring” involving multiple creditors: JSCB Industrialbank, JSC Express-Bank and financial company Capital Express LLC.
AEQUO’s team assisted Industrialbank in negotiating the terms of restructuring, prepared the restructuring documentation, including the restructuring plan, as well as supported JSCB Industrialbank in the course of the transaction completion.
AEQUO project team included Valeriy Savva, associate and was supervised by Yulia Kyrpa, partner, head of Banking and Finance of the Firm.