Avellum Partners Advised on EXCHANGE OFFER of Metinvest

Avellum Partners, Kyiv, Ukraine
Wed, Jan 14, 2015

Kyiv, 14January 2015 – Avellum Partners acted as Ukrainian legal counsel toDeutsche Bank AG, London Branch and ING Bank N.V., London Branch, who acted as DealerManagers, in connection with the exchange offer of Metinvest B.V., the parentcompany of a vertically integrated group of steel and mining companies (“Metinvest”) for its USD500million 10.25% guaranteed notes due 2015, coupled with the new issue of USD289.7million 10.5% guaranteed notes due 2017 (“Notes”) underits USD1,500,000,000 Guaranteed Medium Term Note Programme and a 25% cashconsideration.  TheBank of New York Mellon, London Branch acted as the Exchange Agent.  The Notes are listed and admitted to tradingon the Global Exchange Market of the Irish Stock Exchange.  

Metinvest is a vertically-integrated group of steeland mining companies that manages every link of the value chain, from miningand processing iron ore and coal to making and selling semi-finished andfinished steel products. Metinvest comprises steel and mining productionfacilities located in Ukraine, Europe and the US, as well as a sales networkcovering all key global markets. 

The team of Avellum Partners was led by Partner GlibBondar with significant input of Associates Artem Shyrkozhukhov, TarasDmukhovskyy, Anna Melnychuk, and Olena Polyakova.