Darina Lozovsky | White & Case LLP International Law Firm, Global Law Practice
Darina Lozovsky
Darina Lozovsky

Darina Lozovsky

Partner, Moscow, London

T +7 495 645 4928

T +44 20 7532 1461

E [email protected]

“She is a rainmaker and a strong US lawyer who understands Russia.”

Chambers Global

Overview

Darina is the head of our Capital Markets practice in Russia and shares her time between Moscow and London offices. She focuses on international capital markets and securities transactions and regularly represents issuers, underwriters and placement agents in a variety of Rule 144A/Regulation S equity and debt offerings. In its latest editions The Legal 500 notes: "Practice head Darina Lozovsky is 'very proactive, supportive and client-focused', 'easy to work with and very responsive'". Chambers Global in its 2014 – 2018 editions reports: "If there's trouble, she sorts things out". "She is a rainmaker and a strong US lawyer who understands Russia". "Not only is she a strong lawyer who is very good at detail, she is also a great relationship manager", able to "deliver quickly and thoughtfully", clients say.

Prior to joining White & Case, Darina had been a member of the capital markets group at a magic circle firm in Moscow. In addition, Darina has also been a member of the capital markets group at a leading law firm in New York where she represented underwriters and issuers in transactions involving commercial mortgage backed securities.

Bars and Courts

  • New York State Bar

Education

  • JD, New York University School of Law
  • BA, University of the Pacific

Languages

  • Russian
  • English

Experience

Representation of En+ Group plc as issuer on the offering of global depositary receipts admitted to trading on the London Stock Exchange and the Moscow Exchange. The total size of the offering amounts to US$1.5 billion at the offer price, of which US$1.0 billion is primary proceeds and US$0.5 billion is a secondary component, excluding the over-allotment option. En+ Group plc is a leading international vertically integrated aluminium and power producer with core assets located in Russia. The transaction is the largest Russian IPO globally since 2012.

Representation of the Republic of Belarus as issuer in connection with (i) issue of US$600 million 6.20 percent Notes due 2030 (February 2018); (ii) issue of the dual-tranche Regulation S/Rule 144A Senior Unsecured US$800 million 6.875 percent Notes due 2023 and US$600 million 7.625 percent Notes due 2027 (June 2017).

Representation of Credit Bank of Moscow as borrower on the following transactions: (i) issue of US$500 million Eurobonds (February 2018); (ii) tender offer with regard to US$500 million 8.70% LPNs due 2018. The aggregate principal amount of the notes accepted for purchase pursuant to the offer was US$393.8 million (April 2017) and US$25 million (October 2017); (iii) issue of perpetual callable US$700 million subordinated eurobonds (May 2017); (iv) issue of US$600 million subordinated eurobonds (April 2017).

Representation of SIBUR as guarantor on (i) the tender offer with regard to US$1 billion 3.914% guaranteed notes due 2018, of which US$616.2 million remained outstanding and (ii) the offering on the international capital markets of US$500 million 4.125% Guaranteed Notes issued by SIBUR Securities DAC and unconditionally and irrevocably guaranteed by SIBUR Holding.

Representation of Joint bookrunners (BCS Global Markets and Citigroup) in connection with US$60 million Initial public offering of ordinary shares of Globaltruck Management, one of the largest full-truck load trucking companies in Russia.

Representation of Joint bookrunners in connection with the RUB 6.2 billion (approximately US$100 million) initial public offering of ordinary shares of Obuv Rossii, the leader of the mid-price segment of Russia’s footwear market, on the Moscow Exchange.

Representation of Credit Bank of Moscow on the RUB 14.4 billion (approximately US$248 million) secondary public offering of ordinary shares on the Moscow Exchange.

Representation of Detsky mir, Russia's largest children's goods retailer, as issuer, and Sistema, as selling shareholder, on the RUB 21.1 billion (approximately US$360 million) initial public offering of up to 33.55 percent of Detsky mir’s ordinary shares on the Moscow Exchange.

Representation of B&N Bank as borrower in the offering on the international capital markets of US$150 million loan participation notes issued by, but with limited recourse to, B&N Bonds Designated Activity Company for the purpose of financing a loan to B&N Bank.

Representation of EuroChem, a leading Russian fertiliser producer, in a tender offer in relation to its US$750 million 5.125% loan participation notes due 2017. The aggregate principal amount of notes accepted for purchase pursuant to the offer was US$426 million. In conjunction with the tender offer EuroChem issued new US$500 million 3.8% loan participation notes due 2020 to, among others, finance the purchase of notes under the tender offer.

Awards & Recognition

The Legal 500 2017

Leading Individual in Capital Markets, Russia

Chambers Global 2018

Capital Markets, Russia

Ranked in Best Lawyers

Capital Markets