Deals

AVELLUM — legal counsel to BSTDB

AVELLUM acted as the Ukrainian legal counsel to the Black Sea Trade and Development Bank in connection with a long-term secured loan to LLC Butsefal and Prometey Swiss SA totaling up to USD 10 million.

Part of the loan proceeds were used to acquire a new silo in Mykolaiv Region, which has total storage capacity of up to 62 thousand tons and is the first steel silo in the portfolio of Prometey Group. The remaining loan proceeds are intended for the acquisition of another silo and general replenishment of working capital.

The AVELLUM team was led by senior partner Glib Bondar with support from counsel Maksym Maksymenko, senior associate Tetiana Mykhailenko, associates Anastasiia Zhebel, Daryna Mykhailenko, Dmytro Radzivon, and Mariana Veremchuk.

Sayenko Kharenko advised EBRD on EUR 15 million financing to OTP Leasing

Sayenko Kharenko has acted as a Ukrainian legal counsel to the European Bank for Reconstruction and Development on providing a four-year loan of up to EUR 15 million (equivalent) to OTP Leasing. The loan will be available for disbursement as a UAH synthetic and/or a EUR denominated facilities. It will enable OTP Leasing to finance long-term leases to small and medium-size enterprises across Ukraine despite the current market situation caused by the coronavirus pandemic.

The funding will be available under the EU4Business-EBRD Credit Line provided in the context of the Deep and Comprehensive Free Trade Agreement between the EU and Ukraine.

Sayenko Kharenko’s team was led by partner Igor Lozenko and included associate Vira Pankiv and junior associate Oleksandra Maksymenko.

Asters advised Regal Petroleum

Asters acted as a legal counsel to Regal Petroleum, a British oil and gas company, on its acquisition of up to USD 8.63 million of Arkona Gas-Energy, a Ukrainian company holding a license to explore, develop and produce hydrocarbons in the Svystunkivsko-Chervonolutske field located in Poltava Region.

Asters’ team provided full transactional support on Ukrainian law issues, including preparation of transaction documents (together with English law counsel, HFW), negotiation and signing/closing assistance.

Asters’ project team included partner Oleg Boichuk, senior associate Oleksandr Khomenko and associates Bogdana Marchuk and Natalia Kondrashyna.

AVELLUM advised EBRD

AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development in connection with a long-term secured loan to LLC Novi Biznes Poglyady in the total amount of up to EUR 52.5 million.

NBP is a special project company, which owns and operates Riviera Shopping City, a shopping mall located in Odesa Region. The loan proceeds provided by the EBRD will be used for the expansion of the shopping mall’s lease area, as well as for the financial restructuring of the NBP’s balance sheet.

The AVELLUM team was led by senior partner Glib Bondar with support from counsel Maksym Maksymenko, senior associate Tetiana Mykhailenko, associates Oleg Krainskyi, Anastasiia Zhebel, Daryna Mykhailenko, Mariana Veremchuk, Dmytro Radzivon, and Andriy Kornuta.