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Lukoil – acquisition bridge facility
23 March 2009
Conquering adversity in the market
Read more:
Lukoil. Russia
oil
acquisition
bridge facility
bridge loan
Linklaters
This transaction, for Russian oil producer Lukoil, which signed on 26 November 2008 was done at the height of the global financial crisis within the most challenging circumstances for lending seen in decades, in the context of banks struggling to survive and many being nationalised or guaranteed by their governments. In addition, at this time many banks were closed for business and particularly in Russia. That any deal could be done in this period is remarkable and that this deal was done in such circumstances for such a large take and hold amount makes it a unique transaction.
The deal is...
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