Giles Belsey

Financing Transactions      

• U.S. investment fund in its capacity as borrower in relation to a secured English law facilities agreement which provided facilities, on an uncommitted basis, for general corporate purposes including refinancing of existing debt and future acquisitions.
  
• M1 Cement Holding Limited in connection with the unwinding of its JV with Mittal and subsequent sale of its shares in Breedon Group plc, a leading UK construction materials group, raising gross proceeds of £82.4 million.
  
• The Delegates in connection with the Emirate of Sharjah’s issuance of U.S.$750 million trust certificates due 2029 through Sharjah Sukuk Programme Limited.
  
• A leading international bank, as arranger, facility agent and lender, on the financing and refinancing of a global energy and resources group.
• Mechel PAO on the refinancing of its PXF facilities.
• A leading international bank on commodity prepayment transactions to a UK company.
• An international oil company on its commodity prepayment transaction.
• A leading international bank, as arranger, facility agent and lender, on the financing of the acquisition of shares in an Indian company.
• A leading biopharmaceutical company in connection with the financing of its acquisition of a Swedish company.
• A leading biopharmaceutical company in connection with its US$30 million secured term loan facility.
• A UK media group on the refinancing of its secured credit facilities.
• Leading market participants on a series of separate aircraft financing securitisations.
  
• JSC KazAgro National Management Holding in connection with its establishment of a US$2 billion debt issuance program and the issue by it under the program of US$1 billion 4.625% Notes due 2023.
• JSC Georgian Oil and Gas Corporation in connection with the issuance of its US$250 million 6.875% Notes due 2017.
• Joint lead managers in connection with the issue by Kazakhstan Temir Zholy Finance. B.V. of US$300 million 6.950% Notes due 2042, guaranteed by, among others, JSC National Company Kazakhstan Temir Zholy, the national state railway company of Kazakhstan.
• A South Korean pharmaceutical company on its issue of US$300 million convertible bonds.
• Joint lead managers in connection with a senior notes offering by JSC Bank of Georgia.
• BankMed S.A.L. in connection with its issue of US$500 million 5.375% Deposit Certificates due 2017.
• VEB in connection with the update of its US$30 billion Program for the issuance of Loan Participation Notes by, but with limited recourse to, VEB Finance plc.
• Spartan Capital Holdings in connection with its purchase, through a tender offer, of the outstanding Guaranteed Floating Rate Notes due 2015 issued by Polkomtel Finance and guaranteed by Polkomtel S.A., for over PLN 1 billion. This was the first transaction of its type in Poland.
• A leading UK bank on senior and subordinated issuances under its euro medium term note program.
• A leading international insurer on the establishment of its senior note program, as well as issues of subordinated debt under its subordinated debt program.
• A leading UK bank in connection with the establishment of its program to issue residential mortgage-backed securities and its issuances thereunder.

Restructurings

• Ad Hoc Noteholder Committee on the restructuring of the US$875 million eurobonds of FESCO plc, a Russian transportation and logistics conglomerate, implementing the eventual deal using a scheme of arrangement.
• Ad Hoc Group of Noteholders of the City of Kyiv on the restructuring of the City’s US$250 million 8% loan participation notes due 2015 and its US$300 million 9.375% loan participation notes due 2016. The restructuring was effected by an exchange offer and consent solicitation.
• The International Creditors’ Committee in respect of the financial restructuring of JSC Astana Finance, including the proposed issue of senior, subordinated and recovery notes and global depositary receipts representing shares. 
• An Ad Hoc Group of Noteholders in respect of the financial restructuring of Russian Standard Finance S.A.
• The Creditors’ Committee in respect of the financial restructuring of certain indebtedness issued by JSC Alliance Bank.
• Noteholders in relation to the reprofiling of certain senior and subordinated indebtedness of Public Joint Stock Company “State Savings Bank of Ukraine” (Oschadbank).
• Noteholders in relation to the restructuring of a Vostok Energy plc, a UK and Russian oil and gas group.
• Noteholders in relation to the restructuring of Max Petroleum plc, a UK oil and gas group with assets in Kazakhstan.
• Noteholders in relation to the restructuring of the Cognor group, a Polish steel group.
• The United Kingdom H.M. Treasury in connection with its Credit Guarantee Scheme and the extension of the Scheme to cover asset-backed securities. These schemes were implemented by H.M. Treasury as part of the package of measures to promote financial stability during the credit crisis.
• The United Kingdom H.M. Treasury in connection with the nationalization of Northern Rock plc.

Includes matters handled at Dechert or prior to joining the firm.