Akin Gump Advises VimpelCom on $1 Billion Credit Facility; Named to Hot List

Wednesday, December 17, 2014 - 12:59

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.

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For the seventh consecutive year, The National Law Journal has named Akin Gump to its Appellate Hot List. The list recognizes “firms with outstanding achievements before the U.S. Supreme Court, federal circuit courts and state courts of last resort.”

Among the successes featured in NLJ’s profile of the practice are:

  •  the firm’s victory before the D.C. Circuit Court of Appeals in the closely watched Medicare reimbursement case Allina Health Services et al. v. Kathleen Sebelius
  • a favorable ruling that held that Starbucks did not violate New York state law by allowing shift supervisors to participate in tip pools
  •  a 5th Circuit whistleblower case in which Akin Gump represented Planned Parenthood pro bono.

Akin Gump’s Supreme Court and appellate practice, co-led by Washington, D.C. partner Pratik Shah and Los Angeles partner Rex Heinke, is nationally recognized as comprising exceptionally experienced and respected figures in the courtroom. In the past year, it shared in the recognition accorded the firm’s litigation group as Akin Gump was named a finalist in The American Lawyer’s “Litigation Department of the Year” competition (learn more here).