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EPAM Advises EBRD on Senior Secured Loan to Belarusian DIY Chain

EPAM Advises EBRD on Senior Secured Loan to Belarusian DIY Chain

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The Minsk office of Egorov Puginsky Afanasiev & Partners has advised the European Bank for Reconstruction and Development on a six year senior secured loan of EUR 24 million to OMA, the leading Belarusian DIY retail chain, designed to support the company's plans to open up to nine new stores across Belarus by the end of 2019. The borrowers were reportedly represented by Verkhovodko & Partners and Revera, with Valiunas Ellex serving as OMA LLC's Lithuanian counsel, and Baker Botts as the company's English counsel.

OMA is a limited liability company incorporated in Belarus and currently controlled by individual Belarusian shareholders who founded the business 20 years ago and hold key management positions in the company. 

EPAM's team included Managing Partner Dennis Turovets and Lawyers Igor Yatskovsky and Anastasia Yarokhovich.