Kyiv, 24 January 2012 – Avellum Partners announced that it acted as the Ukrainian legal counsel to Interpipe in connection with the restructuring of its USD887 million credit portfolio.

As part of the restructuring, lenders provided the company with the additional funding in the amount of USD136 million for the implementation of the Interpipe’s investment program.

Interpipe is an international vertically integrated pipe and wheel company, the leading producer of steel pipes in Eastern and Central Europe. It is among the ten largest producers of pipe products and the third largest producer of railway wheels in the world. Interpipe’s products are supplied to more than 80 countries all over the world through a chain of commercial offices located in Ukraine, Russia, Kazakhstan, Europe, the USA and the Middle East.

Avellum Partners team was led by Partner Glib Bondar with significant support from Associate Iryna Nikolayevska.

Commenting on this news, Glib Bondar said: “We are very proud to have advised Interpipe in this landmark transaction, which is one of the largest debt restructuring deals in Ukraine and one of the few restructurings of such scale which has been successfully completed. This restructuring will allow the company to keep its leading position in the Eastern Europe and to further expand its presence on the world markets.”