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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.

 

BGI Legal is ‘exceptional' in M&A, financing and real estate, and is especially prominent in the energy sector. Lasha Gogiberidze, whom clients regard as ‘the top lawyer in Georgia for banking, finance and capital markets transactions', and Sandro Bibilashvili handled a number of innovative regional energy projects and joint ventures, such as the Adjaristsqali hydropower project.

Legal 500 - 2017
A leading figure in capital markets and M&A, Lasha Gogiberidze has an enviable track record of acting on the market's highlight deals, primarily advising banks, including international developmental institutions. He wins praise for his responsiveness and is described as "very client-focused and understanding of our needs."

 

Chambers Global - 2018

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