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Akin Gump Advises VimpelCom on $1 Billion Credit Facility

December 4, 2014

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(London) – Akin Gump has advised VimpelCom Holdings BV as borrower and VimpelCom Amsterdam BV as guarantor under a $1 billion credit facility from China Development Bank and Bank of China, which was signed on November 19, 2014.

VimpelCom Holdings and VimpelCom Amsterdam are wholly owned subsidiaries of VimpelCom Ltd., one of the world’s largest integrated telecommunications services operators.

The credit facility, which has a tenor of eight years, will be used to fund capital expenditures for VimpelCom group operating companies.

Akin Gump London partners Fred Heller and Lisa Hearn led the team advising VimpelCom Holdings and VimpelCom Amsterdam, supported by London associate Inderveer Hothi.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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