Kyiv—Dentons advised BNP Paribas and a syndicate of six other international banks on a US$195,000,000 three-year pre-export secured revolving facility to Ferrexpo. The financing will be used by Ferrexpo for general corporate purposes.

Dentons’ cross-border team from offices was led by Partners Evgenia Laurson and Natalia Selyakova, and included Partner Udayan Mukherjee, Counsels Nadiya Shylienkova and Dennis Montgomery, and Associates Olga Sokolova and Artem Lukyanov.

Commenting on this news, Natalia Selyakova said: “We are extremely delighted, that we have helped our client, BNP Paribas, to bring this high profile transaction, one of the few syndicated financings in Ukraine, to its successful completion. This is indeed a significant transaction for Ukrainian mining industry and for Ukrainian lending market in general, and this again underscores our strong banking and finance capabilities and benefits of our global footprint.

Ferrexpo is a Swiss-based iron ore pellet producer with mines in Ukraine and sales operations around the world. It is the third largest exporter of pellets to the global steel industry. Ferrexpo’s asset base is the largest iron ore deposit in Europe with approximately 20 billion tonnes of resources.