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BGI Legal advises joint lead managers of successful JSC Georgia Oil and Gas Corporation (GOGC) refinanced Eurobonds

BGI Legal has recently advised the joint lead managers – Barclays Bank PLC and J.P. Morgan Securities plc – in connection with refinancing of Eurobonds issued by JSC Georgian Oil and Gas Corporation (GOGC) in 2012.

The transaction involved the tender offer for the Notes due 2017 and the new issuance of the US$250,000,000 6.750% Notes due in 2021. The Notes were offered in reliance on Regulation S and Rule 144A under the U.S. Securities Act and are listed on the London Stock Exchange.

GOGC is the sole “national oil company” of Georgia, wholly-owned by the State of Georgia.

 

Solid team with vast experience of handling a wide spectrum of corporate and commercial as well as financial matters. Particularly well versed in project finance and boasts an impressive track record in some of the country's biggest energy and infrastructure projects. Popular choice for prominent international and local clients, including financial institutions and corporates from an array of industry sectors. Clients are impressed with the team's approach, saying: "The best thing is their coming up with proactive advice and suggesting a structure. They are able to work under pressure and respond immediately." Another client adds: "As soon as we give them a project we don't need to double-check anything." Other typical comments are: "They are a top-tier firm on the market with highly skilled, efficient and solution-oriented lawyers."

Chambers Europe - 2017

BGI is one of Georgia's leading firms in all areas of corporate law and in energy and infrastructure has acted on key projects in the oil and gas, energy, transport infrastructure areas. Previous comments have included: "Very good law firm for this jurisdiction...very knowledgeable, they get the job done on time and on budget...they are very professional and good lawyers". Thanks for universal praise from competitors and clients alike, BGI sits comfortably in the top tier... BGI is client-focused and solution-oriented... [with] excellent local counsel, not just for Georgian standards, but by international standards... [A major international client says:] "In terms of local law firms... I have a strong preference for BGI."

IFLR1000 - 2017

Zaza Bibilashvili is a highly respected corporate and disputes lawyer with significant practical experience in real estate transactions. Clients note his creativity and availability.

Chambers Global - 2018