Sayenko Kharenko has advised the EBRD on a USD 26 million loan to the Ukrainsky Grafit public joint-stock company.
According to the firm “Ukrgrafit will use the funds raised for financing of the reconstruction and modernization of the manufacturing facilities and introducing energy efficient technologies into the production cycle.”
Ukgrafit is the only Ukrainian manufacturer of graphite electrodes for electric steel, electric-arc furnaces, and other applications in the steel, aluminum, magnesium, and titanium industries.
Sayenko Kharenko's team was led by Partner Nazar Chernyavsky, and included Senior Associate Igor Lozenko and Associates Marta Hontaruk and Taras Shyb.
This is another in a series of EBRD-related transactions in Ukraine in recent months. As reported previously, the EBRD has made 2014 loans to Danosha, UBC-Promo, New Europe Property Fund, Raffaisen Bank Aval, and Concern Galnaftogaz, and has purchased a minority stake in Amtel Properties.