Global law firm Hogan Lovells has advised an ad hoc group of 2026 noteholders of Naftogaz, the largest state-owned national oil and gas company of Ukraine, on the amendment and extension of its US$500 million 7.625% 2026 Eurobonds.
Naftogaz has been heavily impacted by the ongoing conflict in Ukraine resulting in the default of its 2022 notes and subsequently its 2024 and 2026 notes. A Hogan Lovells team, led by Business Restructuring and Insolvency partners Alex Kay (London) and Chris Donoho (New York), with support from senior associates Alex Snell and Rob Peel (London), worked with the ad hoc group, navigating them through the associated complexities of the deal and the competing interests of other stakeholders.
The negotiated terms,…
Read the full article at: https://legaldesire.com/hogan-lovells-advises-ad-hoc-group-of-noteholders-on-the-debt-restructuring-of-ukraines-naftogaz/