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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 a well-known and highly regarded figure in the Georgian legal market. One of the founding partners of the firm, he oversees projects and is a key contact for clients. Lasha Gogiberidze has been called "one of the leading lawyers in Georgia" and "a central person not just in capital markets, but in the legal market in general." Considered an expert in capital markets and project finance work, particularly in the energy sphere, he is highly respected by his peers, who say: "He`s among the top lawyers who shaped the legal market."

Chambers Global - 2016

Lasha Gogiberidze maintains an excellent reputation for his expertise in capital markets and project finance, handling some of the market's most prominent lending transactions. Clients highlight him as an "open-minded" practitioner who "always comes up with a good solution" and provides advice which is "straight to the point and concise." Zaza Bibilashvili has experience of handling some of the biggest mandates in the market, most recently advising on substantial real estate projects. He is also a noted practitioner in the dispute resolution arena.

Chambers Global - 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