"Energo-Pro Secures EUR 300 Million Private Placement with J.P. Morgan's Support, Debuts on Vienna MTF"

Allen & Overy Shearman & Sterling, working with its Turkish affiliate Gedik & Eraksoy, BGI Legal, and Boyanov & Co, advised J.P. Morgan as the sole initial purchaser and The Law Debenture Trust Corporation as trustee, while White & Case advised Energo-Pro. The transaction involved Energo-Pro’s EUR 300 million Regulation S private placement of 6.45% guaranteed notes, marking the issuer’s debut on the Vienna MTF. The proceeds from the placement will be used to refinance Energo-Pro’s USD 300 million 11.00% guaranteed notes due 2028. The new notes are guaranteed by subsidiaries in Bulgaria, Georgia, and Turkiye. This issuance follows Energo-Pro’s earlier EUR 750 million 8.00% guaranteed notes issued in 2025, bringing the company’s total Eurobond issuance for the year above EUR 1 billion and reflecting a significant reduction in coupon rates. The Allen & Overy Shearman & Sterling team included Prague-based Partner Petr Vybiral, Senior Associate Tomas Kirner, Senior Tax Advisor Michal Dusek, and Junior Lawyer Jan Vlcek, along with additional lawyers in the UK. The Gedik & Eraksoy team included Partner Umut Gurgey, Associate Nur Ertekin, and Junior Lawyer Dogukan Sevgi. The White & Case team included Prague-based Partners Petr Hudec and Jan Vacula, Associate Anna Bezdekova, and additional lawyers in London. The BGI Legal team included Senior Partner Lasha Gogiberidze and Legal Director Sopho Natroshvili. The Boyanov & Co team included Partners Damian Simeonov and Aleksander Chatalbashev, Principal Associates Ralitsa Nedkova and Violeta Kirova, Senior Associates Georgi Drenski, Meglena Konstantinova, and Deyan Terziev, and Associate Nikol Rahmanlieva.

"Energo-Pro Secures EUR 300 Million Private Placement with J.P. Morgan's Support, Debuts on Vienna MTF"

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