White & Case has advised Alliance Oil Company Ltd. on a tender offer and consent solicitation in respect of its USD 500 million 7.000% Guaranteed Notes due 2020.
According to White & Case, "Alliance Oil is a vertically-integrated oil and gas company which operates in Russia and Kazakhstan. The company's objective was to manage its debt maturity profile and it successfully extended maturity of the notes until 2023. The capped tender offer was conditional on the consent solicitation and resulted in redemption of USD 100 million of its notes. The consent solicitation had the novel feature of a virtual bondholders' meeting due to the ongoing Covid-19 lockdown restrictions."
White & Case's team included, in London, Partners Darina Lozovsky and Stuart Matty and Counsel Doron Loewinger; in Moscow, Partner Dmitry Lapshin and Associates Renat Akhmetzyanov and Yulia Akulinina; in Nur-Sultan, Partner Pavel Kornilov and Associate Alikhan Baizakov; and in Paris, Counsel Olga Fedosova.
