Polina Lyadnova’s practice focuses on financial transactions, including debt capital markets and debt restructuring. She also has experience in other cross-border transactions involving Russian businesses.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.
Finance and Capital Markets
FESCO on a $680 million multi-currency secured financing
UC RUSAL in relation to its $2 billion aluminium pre-export finance term facility, and numerous other transactions including a $4.75 billion PXF, its IPO and its recent Eurobond offerings
Minas de Aguas Tenidas S.A.U. in an $400 million senior secured term loan facility
Qatar Investment Authority in the €10.2 billion sale by Rosneftegaz of a 19.5 percent stake in Rosneft, Russia’s largest oil company
FESCO and its private equity sponsors, Summa Group and TPG Capital, in an $800 million Reg S/Rule 144A dual-tranche high yield senior secured notes offering and subsequent $75 million reopening.
Rosneft in the acquisition financing of a 50 percent stake in TNK-BP from BP plc in the form of two loan agreements for the total amount of $16.8 billion.
Sistema in a $500 million Reg S/Rule 144A senior secured Eurobond loan participation notes offering by Sistema International Funding.
OJSC Cherkizovo Group and its selling shareholder, Cherkizovsky Group Limited, in a $251 million Reg S/Rule 144A IPO of shares and GDRs
FESCO on a comprehensive restructuring of their indebtedness under two series of listed US dollar Eurobonds; two series of Rouble bonds and certain bilateral facilities
UC RUSAL in its $5.15 billion restructuring, involving amendments to its $4.75 billion and $400 million aluminum pre-export finance term facilities, and on its proposed parallel schemes of arrangement in England and Jersey, which would have been the largest scheme of arrangement implemented by a group that has its main operations in Russia.
UC RUSAL in the 2009 comprehensive restructuring of its debt of $16.8 billion, the largest ever restructuring of a company with main operations in Russia and the CIS.
A number of Middle Eastern Sovereign wealth funds on refinancing matters, including restructuring of debts of portfolio companies.