SIBUR’s $500 million Notes Offering

White & Case LLP has advised SIBUR, a leading Russian gas processing and petrochemicals company, on the tender offer related to the US$500 million, 4.125% Guaranteed Notes due 2023 issued by SIBUR Securities DAC and unconditionally and irrevocably guaranteed by PJSC ‘SIBUR Holding’.

The aggregate principal amount of notes accepted for purchase pursuant to the offer is US$192 million. Regulation S notes in the aggregate principal amount of US$183 million, tendered through Euroclear and Clearstream, were accepted for purchase to be held by PJSC ‘SIBUR Holding’ for its own account, and Rule 144A notes in the aggregate principal amount of US$8,960,000, tendered through DTC, were cancelled.

White & Caseadvised SIBUR with a team including Darina Lozovsky (Picture) Dmitry Lapshin, counsel Doron Loewinger and associates Renat Akhmetzyanov, Yulia Akulinina and Anastasia Sheyndlina.

Involved fees earner: Darina Lozovsky – White & Case; Dmitry Lapshin – White & Case; Doron Loewinger – White & Case; Renat Akhmetzyanov – White & Case; Yulia Akulinina – White & Case;

Law Firms: White & Case;

Clients: SIBUR Holding;