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Sayenko Kharenko Advises EBRD on USD 30 Million Loan to Astarta Holding

Sayenko Kharenko Advises EBRD on USD 30 Million Loan to Astarta Holding

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Sayenko Kharenko has advised the EBRD on its USD 30 million secured financing to Ukrainian agro-industrial holding Astarta.

The package includes a USD 21 million EBRD loan and a USD 9 million sustainability-linked loan funded by the Clean Technology Fund. According to the firm, the financing aims to modernize existing production facilities, introduce climate-smart agricultural practices to increase business resilience, and secure sufficient working capital financing. "These measures will reduce production and energy costs, enhance productivity and operational efficiency, and improve energy efficiency."

According to Sayenko Kharenko, "this transaction marks a first in Ukraine, supported by the EBRD High Climate Impact program for the Corporate Sector funded by the CTF. The innovation of the loan is its pricing, which is linked to climate change-related targets."

Astarta is a vertically integrated Ukrainian agro-industrial holding and a public European company operating around 220,000 hectares of leased arable land, five sugar plants, a soybean processing factory, a biogas facility, and dairy farms. 

The Sayenko Kharenko team was led by Partner Igor Lozenko and included Senior Associate Denis Nakonechnyi, Associate Vladyslava Mitsai, and Junior Associate Yevgen Koval.

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