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CMS Advises Banks on Extension and Increase of Pre-Export Credit Facility for Kernel Group

CMS Advises Banks on Extension and Increase of Pre-Export Credit Facility for Kernel Group

Ukraine
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CMS has advised a syndicate of banks led by ING and UniCredit as mandated lead arrangers on the extension and USD 100 million increase of a pre-export credit facility to Ukraine’s Kernel Group. The total available limit under the amended facility was increased to USD 390 million.

CMS describes the Kernel Group as "the world’s largest producer and exporter of sunflower oil, and a leading producer and supplier of agricultural products from the Black Sea region to world markets with a land bank of 560,000 hectares." According to the firm, "the facility will be used to fund the working capital needs of its sunflower oil production business, including storage, transportation and trans-shipment."

The CMS team was led by Warsaw-based Partner Mark Segall, supported by Kyiv-based Partner Ihor Olekhov, Counsel Kateryna Chechulina, Senior Associate Vyacheslav Ovechkin, and Lawyers Khrystyna Korpan and Ivan Pshyk. CMS lawyers in Zurich, Luxembourg, and Amsterdam also assisted.

CMS did not reply to our inquiry on the matter.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.