CMS has advised ING Bank on financing provided to two companies from the Ukrainian agribusiness sector.
The first loan was a USD 80 million syndicated pre-export finance facility to Nibulon, a seed and grain producer and exporter, while the second was the extension and increase to USD 100 million of the pre-export syndicated credit facility granted last year to ViOil, a vegetable oil producer and exporter company.
CMS Warsaw-based Partner Mark Segall, who co-led the firm's team on the deal with Sofia-based Partner Elitsa Ivanova, explained that: “These pre-export finance facilities suit the needs of Ukrainian agribusinesses very well, providing them with sufficient working capital through the annual production and export cycle."
In addition to Segall and Ivanova, the CMS team included Kyiv Senior Associate Kateryna Chechulina and lawyers from CMS Zurich and CMS Amsterdam on Swiss and Dutch law matters.
