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Utair $585.5 million debt restructuring

30/5/2019
Financial restructuring
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$ 585.5 million

Announced

30/5/2019

Overview:

  • Russian aviation group Utair has undertaken a debt restructuring.
  • The deal involves the refinancing of multiple Utair bank loans with two Russian law syndicated facilities, having an aggregate amount of approximately about $585.5 million.

Prin Shasiharan - Researcher

Jurisdiction:

Russia

Deal type:

Financial restructuring

Practice areas:

Banking
Restructuring and insolvency

Industry sector:

Aviation

Firms:
Akin Gump Strauss Hauer & Feld

Party: JSC UTair Aviation (Borrower)

Clifford Chance

Party: Sberbank CIB (Lender)

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