The New York, London and Moscow offices of Debevoise & Plimpton LLP have advised NLMK, a global steel producer, and its U.S. subsidiaries in a $250 million revolving ABL facility to refinance existing indebtedness. Bank of America Merrill Lynch International was appointed as the sole coordinator, bookrunner, documentation agent, facility agent and security agent. JPMorgan Chase Bank and Citibank acted as mandated lead arrangers.

NLMK is a long-time client of Debevoise, with the firm having previously advised on a number of financings and other matters, including on various credit facilities for its international operations.

NLMK is the largest steelmaker in Russia and one of the most efficient in the world. NLMK’s steel products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and offshore wind turbines.

The Debevoise team advising NLMK was led by London based partner Alan J. Davies and Moscow based international counsel Dmitry A. Karamyslov. The team also included associates Daria A. Serebrova and Patricia Teixeira. Tax advice was provided by New York based counsel Huey-Fun Lee and by London based associate Patrick Fasoro.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.