Morgan Lewis has advised Natixis on a USD 300 million pre-export finance facility for Russian Copper Company Group, the third largest Russian copper producer. Natixis was the Co-ordinating Mandated Lead Arranger for the deal which was structured as a five year pre-export finance facility backed by receivables from export of copper wire rod and copper cathodes. A number of major Russian and international banks joined the loan facility.
Commenting on the deal, Morgan Lewis Partner Grigory Marinichev, who led the firm's team on the deal, said: “We are delighted to have advised Natixis on this important transaction which demonstrates the confidence of international financial institutions in the Russian market.”
In addition to Marinichev, the Morgan Lewis team included Partners Amanda Jennings and Olivier Chambord and Associates Alexey Chertov, Galadia Constantinou, and Allison Soilihi.
Mandated lead arrangers of the facility were (in alphabetic order): AO "ALFA-BANK", Sberbank CIB, Societee Generale Group including Rosbank, and UBS Limited, with AO UniCredit Bank, acting as arranger.