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White & Case Advises Elga Coal on USD 1.66 Billion Syndicated Financing

White & Case Advises Elga Coal on USD 1.66 Billion Syndicated Financing

Russia
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White & Case has advised Elga Coal LLC on a USD 1.66 billion syndicated financing deal with a pool of lenders led by Gazprombank. Linklaters reportedly advised the lenders on the transaction.

According to White & Case, the syndicate of banks included Gazprombank, acting as the arranger, facility agent, pledge manager, and account bank, and Bank Zenit, among others. “The collateral includes, inter alia, receivables under export contracts, as well as a mortgage of the railroad from the Elga coal deposit to the Baikal-Amur Mainline.”

Elga Coal is Russia's largest producer of high-quality coking coal.

White & Case’s team in Moscow included Partners Nikolay Feoktsitov and Natalia Nikitina, Local Partner Ekaterina Logvinova, Counsels Pavel Boulatov and Daria Plotnikova, and Associate Azamat Gaisenov.

Editor's note: After this article was published, Linklaters confirmed its involvement in the deal. The firm's team included Partner Nikolai Kurmashev, Managing Associates Yuri Nekrasov and Anna Saenko, and Associates Alexandra Selezneva and Grigory Shishkov.

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