MOSCOW, LONDON and PARIS, December 20, 2016: Morgan Lewis has advised Natixis on a $300m pre-export finance facility for Russian Copper Company Group (RCC), the third largest Russian copper producer. Natixis was the Co-ordinating Mandated Lead Arranger for the deal which was structured as a five year pre-export finance facility backed by receivables from export of copper wire rod and copper cathodes. A number of major Russian and international banks joined the loan facility.
Commenting on the deal, Morgan Lewis partner Grigory Marinichev said: “We are delighted to have advised Natixis on this important transaction which demonstrates the confidence of international financial institutions in the Russian market.”
The Morgan Lewis team was led by partners Mr. Marinichev, Amanda Jennings and Olivier Chambord, and assisted by associates Alexey Chertov, Galadia Constantinou and Allison Soilihi.
Mandated lead arrangers of the facility were (in alphabetic order): AO "ALFA-BANK", Sberbank CIB, Sociétéé Générale Group including Rosbank, and UBS Limited, with AO UniCredit Bank, acting as arranger.