Veon, Bondholders Enlist Advisors Ahead of Planned Debt Talks
- Houlihan Lokey and Milbank are working with the noteholders
- Company has come under pressure for its strong Russian ties
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Veon Ltd. bondholders are working with advisers from Houlihan Lokey Inc. and law firm Milbank as they prepare for debt talks with the company, which has close ties to Russia, according to people with knowledge of the matter.
Veon, which was founded in Moscow as VimpelCom, received 51% of its revenues from Russia last year, and 14% from Ukraine, according to the company’s latest presentation to investors. The Amsterdam-based telecommunications company has come under pressure in the wake of the war in Ukraine and subsequent sanctions imposed on Russia by the U.S., European Union and U.K.