Avellum has acted as Ukrainian legal counsel to MHP Lux S.A. on its USD 350 million offering of 6.250% notes due 2029. Sayenko Kharenko and Latham & Watkins advised joint lead managers and joint book-runners ING Bank N.V., London Branch, and J.P. Morgan Securities.
The transaction was structured as an offering of the notes guaranteed on a senior basis by MHP SE — an agro-industrial company in Ukraine and one of the largest poultry producers in Southeast Europe — and certain of its Ukrainian and Cypriot subsidiaries.
The Avellum team was led by Senior Partner Glib Bondar and included Partner Vadim Medvedev and Associates Anastasiya Voronova, Oleg Krainskyi, Orest Franchuk, Anna Kalabska, Mariana Veremchuk, Anton Zaderyholova, and Yelyzaveta Kravtsova.
The Sayenko Kharenko team was led by Counsel Igor Lozenko and included Associates Denis Nakonechnyi, Daryna Sydorenko, Oles Trachuk, and Yurii Dmytrenko, and Junior Associates Oleksandra Maksymenko, Sofiia-Mariia Kuzminska, and Vladyslava Mitsai.
In 2017 Avellum advised MHP on USD 750 million and USD 500 million notes issuances, with Sayenko Kharenko again advising the banks (as reported by CEE Legal Matters on June 7, 2017) and in 2018 Avellum advised the company on issuance of USD 550 million notes (as reported by CEE Legal Matters on April 27, 2018).
