Polina Lyadnova’s practice focuses on a broad range of cross-border financing transactions, at various levels of capital structure.
Her experience includes bank lending, debt restructuring, and debt capital markets.
She is particularly noted for her work for emerging markets clients.
Polina joined the firm in 2007 and became a partner in 2013. Prior to joining Cleary, she worked in the Moscow office of another international law firm, after which she was a corporate finance legal counsel at a large Russian metals and mining company.
Liwet Holding AG in connection with a CHF 920 million margin loan entered into with a club consisting of major European banks.
Rosneft in its $55 billion acquisition of TNK-BP, Russia’s third-largest oil company, making Rosneft the world’s largest publicly traded oil and gas producer.
Cherkizovo Group in its 100 percent acquisition of Mosselprom, a leading poultry and pork company; and previously in both its initial and secondary public offerings.
FESCO on a comprehensive restructuring of their indebtedness under two series of listed U.S. dollar-denominated eurobonds, two series of rouble-denominated bonds, and certain bilateral facilities; and previously on funding its bond buyback through a structured derivative transaction, and with its private equity sponsors, in $875 million of high-yield notes offerings.
Tele2 in financial matters related to a joint venture with Altel combining the operations of the third- and fourth-largest mobile operators in Kazakhstan.
RenCap in various debt and restructuring matters.
Qatar Investment Authority in the €10.2 billion sale by Rosneftegaz of a 19.5 percent stake in Rosneft, Russia’s largest oil company.
UC Rusal in its $5.15 billion financial restructuring, involving amendments to its $4.75 billion and $400 million aluminum PXFs, including through schemes of arrangement in England and Jersey; and previously in its $4.75 billion aluminum PXF loan facility to refinance its debt owed to international lenders, a $4.5 billion syndicated loan for the acquisition of a stake in Norilsk Nickel, and the comprehensive financial restructuring of its debt of $16.8 billion, the largest-ever restructuring of a company with main operations in Russia and the CIS.
Lenta in a RUR 10 billion unsecured financing extended by Sberbank.
ERG in connection with a €180 million prepayment agreement facility entered into by JSC Kazakhstan Aluminium Smelter, a member of the ERG group, and VTB Group; and its $5.2 billion dual-track debt refinancing.
June 26, 2019