As a result of the transaction, the company's debt will be reduced threefold and Segezha Group will be able to achieve operating profit.
LECAP Ecosystem companies, namely LECAP law firm and FOCUS Management, participated in structuring the transaction.
Segezha Group's additional issue was participated in by its largest shareholder Sistema JSFC and a number of external investors, including key creditors of the timber holding company.
The additional issue was completed in full - all shares stipulated by the placement decision were successfully placed among investors. Sistema retained a controlling stake in the share capital of Segezha Group.
The funds received as a result of the additional issue will be used to repay Segezha Group's debt. The financial debt will be reduced to RUB 60 billion. Thus, the company will significantly reduce interest payments, will be able to focus on successful development and will subsequently reach operating profit.
LECAP Ecosystem companies, namely LECAP law firm and FOCUS Management, participated in structuring the transaction.
Segezha Group's additional issue was participated in by its largest shareholder Sistema JSFC and a number of external investors, including key creditors of the timber holding company.
The additional issue was completed in full - all shares stipulated by the placement decision were successfully placed among investors. Sistema retained a controlling stake in the share capital of Segezha Group.
The funds received as a result of the additional issue will be used to repay Segezha Group's debt. The financial debt will be reduced to RUB 60 billion. Thus, the company will significantly reduce interest payments, will be able to focus on successful development and will subsequently reach operating profit.