Mazur Ivanusa, LLC advised major Ukrainian Holding operating across multiple industries in Ukraine as borrower under a EUR32 Million PXF facility on all matters relating, inter alios, to obtaining several waivers (all lenders’ consent) from a syndicate of international lenders in order to remove a number of continuing technical defaults, renegotiate exceptions to negative pledge, relax certain financial covenants and handle matters of increased costs. Our scope of work also included advising both the agent and the borrower in connection with restatement of certain Ukrainian law security instruments provided to the agent as security agent by the borrower’s material subsidiaries.
As a result of our assistance all technical defaults were removed and the facility was renegotiated fairly to the benefit of all parties thereto.
The Firm’s team on this assignment was supervised by Oleg Mazur, Partner.