Deals (#10 October 2014)

CMS advised lenders on pre-export financing for Kernel Group

CMS Cameron McKenna has advised ING and UniCredit as coordinators, and lenders Citibank, BNP Paribas, Natixis, Rabobank, Arab Bank and Banque de Commerce et de Placements (BCP) on a sunflower oil based pre-export financing of up to USD 400 million for Kernel Group.

The lenders provided a secured revolving facility of up to USD 400 million which is secured by the assignment of export receivables and pledge of commodities and guarantees from Kernel’s key trading and operational companies. The CMS team was led by Prague-based partner Mark Segall and further consisted of senior associate Andrew Hinstridge, associates Lucy Mosedale, Ross Douglas and trainee Grace Ho, together with senior associate Vyacheslav Ovechkin and associate Tetyana Mikhailenko (CMS Kiev), partner Kaspar Landolt, and associates Andrea Ferchl and Mark Cagienard (CMS Zurich), partner Günther Hanslik and associate Kai Ruckelshausen (CMS Vienna) and partner Vivian Walry, and associates Nicolas Gerique and Andreia Mihai (CMS Luxembourg). Harneys provided BVI advice.

The Ukrainian Journal of Business Law

Subscribe to The Ukrainian Journal of Business Law right now and enjoy the most relevant issues on doing business in Ukraine on your device or in print.

All this for just USD 9.99 a month.


Subscribe now