Alliance Oil’s $500 Million Tender Offer And Consent Solicitation


White & Case LLP has advised Alliance Oil Company Ltd. on the deal.

Alliance Oil Company Ltd. (Alliance Oil) completed a tender offer and consent solicitation in respect of its US$500 million 7.000% Guaranteed Notes due 2020 (Notes).

Alliance Oil is a vertically-integrated oil and gas company which operates in Russia and Kazakhstan. The company’s objective was to manage its debt maturity profile and it successfully extended maturity of the Notes until 2023.

The capped tender offer was conditional on the consent solicitation and resulted in redemption of US$100 million of its Notes. The consent solicitation had the novel feature of a virtual bondholders’ meeting due to the ongoing Covid-19 lock down restrictions.

The White & Case team which advised Alliance Oil comprised partners Darina Lozovsky (Picture) and Stuart Matty (both London) and Pavel Kornilov (Nur-Sultan), local partner Dmitry Lapshin (Moscow), counsels Doron Loewinger (London) and Olga Fedosova (Paris) and associates Renat Akhmetzyanov and Yulia Akulinina (both Moscow) and Alikhan Baizakov (Nur-Sultan).

Involved fees earner: Renat Akhmetzyanov – White & Case; Yulia Akulinina – White & Case; Alikhan Baizakov – White & Case; Olga Fedosova – White & Case; Pavel Kornilov – White & Case; Dmitry Lapshin – White & Case; Doron Loewinger – White & Case; Darina Lozovsky – White & Case; Stuart Matty – White & Case;

Law Firms: White & Case;

Clients: Alliance Oil Company;