Domodedovo Airport Group’s $453 Million Notes Offering

Dentons acted as counsel to Domodedovo Airport Group on the deal.

Domodedovo Airport Group (DME) executed its Rule 144A/Regulation S issuance of US$453 million 5.35 percent loan participation notes due 2028, consent solicitation and tender offer in relation to its loan participation notes maturing in 2021 and capped tender offer with respect to its loan participation notes maturing in 2023.

Alfa-Bank, J.P. Morgan, Raiffeisen Bank International, Renaissance Securities, Societe Generale and Sovcombank acted as Joint Bookrunners for the new issue. J.P. Morgan, Raiffeisen Bank International and Societe Generale acted as Joint Solicitation Agents and Dealer Managers for the consent solicitation and tender offer.

DME owns and operates DME Airport, the second largest airport in Russia and Eastern Europe in terms of passenger traffic (in the airport category with annual passenger traffic of over 25 million, according to ACI). It served approximately 28.3 million passengers in 2019 and 16.4 million passengers in 2020.

The Dentons team working on the transaction was led by capital markets and US securities law partner Cameron Half (Picture) in London and partner Tamer Amara in Russia, together with capital markets partner David Cohen in London and counsel Filipp Petyukov in Russia.

Involved fees earner: Tamer Amara – Dentons; David Cohen – Dentons; Cameron Half – Dentons; Filipp Petyukov – Dentons;

Law Firms: Dentons;

Clients: Domodedovo Airport Group;

Author: Federica Tiefenthaler