UkrLandFarming, Avangardco hire adviser to help with restructuring

By Caroline Salls

Pittsburgh, July 17 – UkrLandFarming plc and Avangardco Investments Public Ltd. appointed Ziff-Ivin Associates Ltd. as their financial adviser in addition to the companies’ legal adviser Latham & Watkins LLP to assist with the proposed restructuring of some of the group’s debt, according to a news release.

The debt being restructuring includes UkrLandFarming’s $500 million of 10 7/8% notes due 2018 and Avangardco’s $200 million of 10% senior notes due 2018, as well as some of the group’s bank debt.

The companies said they have initiated discussions with an informal committee of noteholders and its advisers, Hogan Lovells International LLP and Ernst & Young, regarding a proposal related to the notes.

UkrLandFarming is an integrated agricultural producer based in Nicosia, Cyprus, but focused on Ukraine.

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