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24 September 2013

Sayenko Kharenko advised on the RUB 5.35 bln facility to Ukraine’s largest energy company

Sayenko Kharenko acted as legal counsel to VTB Capital plc (part of VTB Group) on the RUB 5.35 billion facility to DTEK, Ukraine’s largest energy company.

Financing will be provided in two tranches for three and five years. The funds raised will be used for corporate purposes, including the replenishment of working capital and financing of capital expenditures.

Sayenko Kharenko has substantial experience working on diverse projects involving major companies in the natural resources and energy sector of Ukraine. The Firm is ranked among TOP 5 for energy work by the Ukrainian Law Firms 2013 directory (the only ranking of law firms in energy practice area available for Ukraine) and recommended for Ukraine by Chambers Europe 2013.

Sayenko Kharenko’s team for the current transaction included senior associate Igor Lozenko, associates Marta Hontaruk and Taras Shyb and was led by partner Nazar Chernyavsky.

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