IFLR1000

Ilim Timber Group $380 million debt restructuring

1/11/2015
Financial restructuring
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$ 380 million

Completed

1/11/2015

Overview:

  • The Ilim Group - one of Russia's leading pulp and paper producers - completed the restructuring of its $380 million loan facility from VTB Bank (Austria).
  • The loan was was granted in June 2015 and completed in November 2015.

Jon Moore - Journalist

Jurisdictions:

British Virgin Islands
Cyprus
Germany
Switzerland
Russia

Deal type:

Financial restructuring

Practice areas:

Banking
Restructuring and insolvency

Governing laws:

England and Wales
Germany
Switzerland

Industry sector:

Forestry

Firms:
Bär & Karrer

Party: VTB Bank (Austria) (Lender)

Clifford Chance

Party: VTB Bank (Austria) (Lender)

Lawyer: Florian Mahler

George Y Yiangou & Co

Party: VTB Bank (Austria) (Lender)

Harney Westwood & Riegels

Party: VTB Bank (Austria) (Lender)

White & Case

Party: Ilim Group (Borrower)

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