We support highly complex legal and financial debt management and restructuring projects

Assessment of the company’s current condition

Comprehensive preparation of the company for debt restructuring and recapitalization

Alignment of the interests of issuers, investors and regulatory requirements

Amendment of bond terms

Legal support for the general meeting of bondholders

Building communication between creditors (investors) and the debtor using innovative digital technologies (supporting one of the largest debt restructurings in global practice, involving >5000 investors)

Legal documentation of the commercial agreements reached

Our projects become benchmarks

We build an exit architecture from complex situations taking into account the interests of the issuer, investors and regulator

We have the most extensive track record of successful restructuring projects in Russia that have become benchmarks for the industry:

70+ restructurings of debt obligations totaling more than RUB 500 billion
7 successfully completed transactions with a value of RUB 10 billion or more each
effectiveness > 95%
unique experience in building communication with a broad pool of
retail investors

Our priority is to restore trust in relations between investors and business and achieve a balance of their interests.

Industry recognition

Client testimonials

The LECAP team participated in structuring the transaction [for bond debt management], preparing its terms and negotiating with key creditors. The work was organized clearly and made it possible to close the transaction within the required time frame.

— Domodedovo Group

Debt restructuring case studies

All cases

01 /

Debt management

2025

Recapitalization of Segezha Group

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One of the largest recapitalizations of Russian companies

LECAP provided comprehensive support for the project, including registration of the share issuance, preparation of the transaction documentation, and advising the Company’s shareholders

02 /

Debt Management

2025-2026

Change in Terms for Public Debt: Reorganization of PAO TMK

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Support for the reorganization of PAO TMK in its dealings with creditors, including holders of public debt

As part of the project support, the LECAP team developed and agreed with the Bank of Russia on a legal position under which it is permissible to include a waiver by bondholders of the right to demand early redemption of bonds in the event of an intragroup reorganization of the issuer.

03 /

Debt Management

2025

Domodedovo Airport Debt Burden Management

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For the first time in market history, a liability management transaction took place

Conducting the liability management transaction made it possible to extend the bond term amid the search for a strategic shareholder and the reform of the corporate governance system and business processes of the Domodedovo Group.