Bryan Cave Leighton Paisner has advised the International Investment Bank, a multilateral development bank mainly operating in Eastern Europe, Russia, and Asia, on USD 96.5 million multi-asset secured facility for financing and refinancing the acquisition of a number of passenger and special purposes aviation and mining assets for Russia's State Transport Leasing Company. The borrowers had no external counsel.
The financing terms permit the funds to be used for the acquisition of Let L-410 Turbolet regional passenger jets, helicopters Ansats, and Mi-8s with medical modules and BELAZ mining trucks.
According to a Bryan Cave Leighton Paisner press release, ”this deal is a successful example of implementation of the state program aimed at developing regional aviation and at increasing the accessibility of medical care in remote areas of the Russian Federation. It is also an example of strategic collaboration between IIB and GTLK under the partnership agreement signed in 2016.”
The Bryan Cave Leighton Paisner team was led by Counsel Tatiana Parshak, assisted by Associates Artemiy Bondarev and Dmitry Ionov. Partner Oleg Khokhlov supervised the project.