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Altius Capital Facilitated Debt Restructuring for First Private Brewery with UkrEximBank

May 4, 2021

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[First Private Brewery is one of the four leading players in the Ukrainian beer market. Its products are available across all regions of Ukraine and are exported to nearly ten countries, including Kazakhstan, Poland, the Czech Republic, and the United Kingdom.


Altius Capital acted as an advisor to First Private Brewery in a debt restructuring with UkrEximBank. The process converted multiple tranches in various currencies into UAH, securing one of the longest loan tenures—13 years—for such restructurings at the bank under Ukrainian law. It featured a 48-month grace period for the principal, an 18-month grace period for interest, and included terms for withdrawing shareholders' guarantees.


Alexey Rashchupkin, Managing Partner of Altius Capital: “We’re proud to have guided First Private Brewery through this significant restructuring. This deal bolsters the company’s stability, supporting one of Ukraine’s top beer producers as it continues to thrive domestically and expand globally.”