Konstantin Garmonin

Partner

konstantin.garmonin@bakerbotts.com

Moscow

P: +7.495.545.0777 F: +7.495.545.0778
Konstantin Garmonin Photo

Konstantin Garmonin advises clients on a wide range of cross-border and domestic financing transactions, including project and secured financings, pre-export and real estate finance transactions, structured financings and corporate lending transactions. With over 15 years of experience with leading international firms, Mr. Garmonin represents commercial banks, multilateral financial organizations, investment companies and corporate borrowers in financings in transport, logistics, oil and gas and electricity industries; in real estate development projects and in bank-to-bank lending and bank equity transactions in Russia and the CIS. Mr. Garmonin also regularly advises clients on cross-border mergers and acquisitions and provides regulatory and general corporate advice.

Related Experience

Oil & Gas/Energy/Metals & Mining

  • En+ Group - Russian law syndicated facility in excess of equivalent of $1.1 billion extended by Sberbank and VTB Bank to acquire a 40.29 per cent stake in Irkutskenergo from Inter RAO Group
  • Transneft - $10 billion loan from China Development Bank in order, in part, to finance the construction of a spur Russia’s Eastern Siberia - Pacific Ocean (ESPO) Pipeline
  • Rosneft - $15 billion loan from China Development Bank in connection with the supply of oil via the ESPO Pipeline
  • Gazprom group - a multi-million corporate borrowing program, including a $625 million facility arranged by RBS/ABN AMRO Bank N.V.
  • Major Russian bank - participation in a $219 million and EUR 192 million secured facilities to Chelyabinsk Metallurgical Plant
  • Russian leading coal producer - numerous pre-export financings (including $1.5 and $1.2 billion financings) and restructuring of its debt portfolio
  • Multilateral financial institution - proposed $70 million financing of a Russian steel producer
  • Major European bank - ECA backed financing of a Russian coal producer
  • Major Russian bank - project financing of the development of a porphyry and cooper deposit and the construction of a mining and concentration complex in Chelyabinsk region, Russia
  • Major Russian bank - project financing of a coal mine development in the Tyva republic of the Russian Federation

Transport/Infrastructure

  • Multilateral financial institution - secured financings of Russian railway car operators totaling $85 million
  • Multilateral financial institution - secured financing of Russia’s leading railway car operator totaling $30 million and restructuring of existing financing totaling $40 million
  • Multilateral financial institution - $100 million secured financing of a group of Russian transportation companies in connection with acquisition of tank cars, expansion of the rail maintenance facilities, and development of a transshipment port terminal at the Black Sea
  • Russian Post - financing of a mail sorting center in Moscow region backed by SACE
  • Multilateral financial institution - $119 million secured financing and partial refinancing of construction of six logistics terminals in various regions of Russia
  • Major Russian bank - $95 million secured financing of a fleet of bulk carriers and a further $17.5 million refinancing of a corporate facility extended to the borrower's group
  • Multilateral financial institution - $88.9 million financing and refinancing of construction of river-sea vessels by two groups of Russian shipping companies

Chemical Industry

  • Major Russian bank - several secured loans to a leading Russian petrochemical producer
  • Multilateral financial institution - secured financings of a Russian chemicals producer totaling $185 million

General Manufacturing

  • Multilateral financial institution - $150 million secured financing of the construction of a vehicle assembly plant in St. Petersburg
  • Multilateral financial institution - RUB 500 million and $10 million financing of Russia’s leading producer of cranes
  • Multilateral financial institutions - $30 million and $49 million multicurrency financings of a food and beverage company in Kazakhstan

Real Estate/Retail

  • Major Russian bank - $345 million project financing of the development and construction of a multifunctional center in Moscow City
  • Major international developer - debt assumption in connection with the acquisition of two class A office buildings in Moscow
  • Major international developer - structured real estate financing of the construction of a premium outlet village in Moscow
  • Major international developer - $205 million secured financing of a class A office building in Moscow by a syndicate of lenders
  • Major international developer- debt aspects of an acquisition of a warehouse complex in Moscow region
  • Major international developer - secured financing of a premium residential complex in Moscow and subsequent sale with prepayment of debt
  • Major international developer - secured financing of construction of a warehouse complex in Moscow from a major Russian state-owned bank
  • Major Russian developer - $300 million secured financing of an office complex in Moscow
  • Major Russian bank - proposed secured financing of the owner and operator of a premium hotel in Moscow and subsequent financing of the acquisition of the hotel
  • European subsidiaries of a Russian bank - two refinancings of premium office buildings in Moscow owned by a major Russian real estate developer
  • Major Russian bank - restructuring of a senior and mezzanine loan to a Russian developer
  • Korean development institution - refinancing of a hotel development in Moscow in the aggregate amount of $40 million
  • Multilateral financial institution - $50 million financing of a Russian retail network

Financial Markets

  • Multilateral financial institutions - parallel participated financing of a Russian bank in the amount of $250 million
  • Multilateral financial institutions - several parallel financings of a Russian bank in the aggregate of $164 million
  • Multilateral financial institution - $110 loan to a major Russian bank
  • Multilateral financial institution - debt and equity investments in a Belarusian bank
  • Lenders - multiple financings extended to Russian commercial banks, including subordinated loans (including Basel III compliant loans) and financings secured by loan portfolios and mortgage bonds

Other

  • Multilateral financial institution - regulatory initiatives in respect of subordinated debt in Russia

Mergers and Acquisitions/Joint Ventures

  • Multilateral financial institution / founding shareholders - sale of a leading Russian pharmaceutical company and vaccine producer to a strategic investor
  • Russian agribusiness and real estate conglomerate - EUR 100 million joint venture with an international foods producer to construct a greenfield frozen products processing plant in Russia
  • Multilateral financial institutions / development bank - debt and equity aspects of the merger of two Russian private banks and subsequent divestment from the combined bank
  • Multilateral financial institution - divestment from a Russian banking subsidiary of a major global financial services group
  • Multilateral financial institution - equity investment into one of the leading medical centers in Moscow
  • Multilateral financial institution - equity investment into a Saint-Petersburg based medical services provider, to finance the construction of a new multi-functional medical center in Saint-Petersburg
  • Major Russian bank - debt and equity investments into a Russian biomass fuel producer
  • Multilateral financial institutions / development bank - several equity investments into a Russian private bank
  • Multilateral financial institutions - restructuring of equity investments and partial divestment from a major Russian private bank

Awards & Community

Recognised in Chambers Global, 2014-2017 for Banking & Finance

Recognised in Chambers Europe, 2016 & 2017 for Banking & Finance

Recognised in The Legal 500 EMEA, 2013-2017 for Banking & Finance

News

Publications, Speeches & Presentations