Winston & Strawn represented JSC HC Metalloinvest, one of the world's leading iron ore producers, in connection with the $3.1 billion syndicated pre-export finance facility. The landmark syndication arranged by BNP Paribas, Deutsche Bank, Societe Generale, ING, CaCib, Commerzbank, BTMU, Credit Suisse, Natixis, Nordea, RBS and Unicredit, is one of the largest loan facilities provided to Russian borrowers and is one of the largest syndicated credit facilities issued since the financial crisis of 2008. This deal, the first syndicated loan facility of this size in Russia's metals industry since the crisis began, closed at USD 3.1 billion.
Winston's team was led by partners Matthew O'Meara, Ronald Jacobson, and Nikolai Krylov with support from Chicago associate Jaime Gatenio and Moscow associate Sergey Tomchuk. The team was further assisted by attorneys Zoe Ashcroft, Tom Benz, Danish Hamid and Matthew McCullough.