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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.

 

Zaza Bibilashvili is able to suggest winning strategies and is active across a range of contentious and non-contentious work, including real estate and intellectual property matters. Previous comments include: BGI Legal fields ‘a team of true professionals with good knowledge of law and a proper understanding of business needs`. It provides full-service support to leading multinational and Georgian clients, handling general legal matters alongside more complex financing, M&A, dispute resolution and capital markets mandates.

Legal 500 - 2016

Vastly experienced market-leading firm assisting international and regional clients with all manner of corporate and commercial matters. Particularly well versed in project financing and loan agreements. Clients say: "The lawyers are detail-oriented and are always very helpful... Among the leading firms in Georgia."

Chambers Europe - 2016

Excellent team known for acting on high-profile and significant mandates. Clients commend the team's expertise, saying: "They are all very solid, have excellent knowledge, are hard-working and give great practical advice." They further praised the service adding that the lawyers are "client-oriented, quite patient and understand the client's internal procedures."

Chambers Europe - 2017