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White & Case Advises Elga Coal on USD 1.66 Billion Syndicated Financing

White & Case Advises Elga Coal on USD 1.66 Billion Syndicated Financing

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White & Case has advised Elga Coal LLC on a USD 1.66 billion syndicated financing deal with a pool of lenders led by Gazprombank. Linklaters reportedly advised the lenders on the transaction.

According to White & Case, the syndicate of banks included Gazprombank, acting as the arranger, facility agent, pledge manager, and account bank, and Bank Zenit, among others. “The collateral includes, inter alia, receivables under export contracts, as well as a mortgage of the railroad from the Elga coal deposit to the Baikal-Amur Mainline.”

Elga Coal is Russia's largest producer of high-quality coking coal.

White & Case’s team in Moscow included Partners Nikolay Feoktsitov and Natalia Nikitina, Local Partner Ekaterina Logvinova, Counsels Pavel Boulatov and Daria Plotnikova, and Associate Azamat Gaisenov.

Editor's note: After this article was published, Linklaters confirmed its involvement in the deal. The firm's team included Partner Nikolai Kurmashev, Managing Associates Yuri Nekrasov and Anna Saenko, and Associates Alexandra Selezneva and Grigory Shishkov.

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Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We handle some of the largest and most complex and demanding transactions. We advise our clients in many areas of law, including: dispute resolution in Russia and abroad, International Arbitration and Litigation, M&A and Corporate, antitrust issues, criminal law, intellectual property, restructurings and insolvencies, international trade and customs, tax, real estate and construction, banking and finance, energy and natural resources, environmental and technical regulation, marine and transport law, pharmaceuticals and healthcare and others.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys, providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

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