05
Thu, Aug
70 New Articles

Debevoise & Plimpton and Linklaters Advise on NLMK's EUR 500 Million Eurobond Offering

Debevoise & Plimpton and Linklaters Advise on NLMK's EUR 500 Million Eurobond Offering

Russia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

The Moscow, London, and New York offices of Debevoise & Plimpton have advised NLMK on its EUR 500 million 5-year Eurobond offering with an annual coupon rate of 1.45%. Linklaters advised joint lead managers and joint bookrunners J.P. Morgan, BofA Securities, and Societe Generale.

According to Debevoise & Plimpton, “the proceeds from the issue will be used to finance the purchase of existing notes due in 2023 and 2024 for the aggregate principal amount of USD 470.6 million, as well as for NLMK’s general corporate purposes.”

NLMK Group is a Russia-based steelmaker that operates production facilities in Russia, Europe, and the United States. Its products are used in construction and machine building, manufacturing of power-generation equipment and offshore wind turbines, among other applications. 

In recent years, Debevoise & Plimpton also advised NLMK on its EUR 250 million and EUR 600 million credit facilities (as reported by CEE Legal Matters on February 21, 2017 and July 23, 2020). The firm also advised NLMK on its previous EUR 500 million Eurobond placement (as reported by CEE Legal Matters on August 1, 2019). 

Debevoise & Plimpton’s team consisted of Moscow-based Counsel Dmitry Karamyslov and Associates Timur Ochkhaev and Evgenii Lebedev, London-based Partners James Scoville and Alan Davies and Associate Patrick Fasoro, and New York-based Partner Michael Bolotin and Associate Sabrina Hsieh.

The Linklaters team included Moscow-based Partner Simon Few and Managing Associate Vladimir Gogokhia and London-based Partner Yaroslav Alekseyev.

Our Latest Issue