Avellum, working with Latham & Watkins, has advised Vodafone Ukraine on its consent solicitation regarding USD 500 million 6.20% loan participation notes due 2025. Sayenko Kharenko and Linklaters advised JP Morgan as the solicitation agent.
According to Avellum, the proposal received strong support from noteholders representing over 95% of the principal amount, and the amended terms provided for a two-year maturity extension, an increased coupon rate, redemption of USD 99.88 million in principal, and a put option for noteholders upon changes to Ukrainian currency control restrictions.
The Avellum team included Senior Partner Glib Bondar, Of Counsel Yurii Krasnoliudskyi, Managing Associate Mariana Pylypenko, and Associates Andrii Kroshko and Elina Kryhan.
The Sayenko Kharenko team included Partners Anton Korobeynikov and Igor Lozenko, Senior Associate Oles Trachuk, Associate Yevgen Koval, and Trainee Danylo Dashko.
