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CMS Advises ING on USD 30 million loan to Astarta

CMS Advises ING on USD 30 million loan to Astarta

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CMS has advised ING in connection with a USD 30 million loan to the Astarta Group, a sugar and agricultural production and an industrial milk producer company in Ukraine, for its export operations. 

ING provided two loans to Astarta: a USD 25 million pre-export revolving loan, and a USD 5 million multi-currency uncommitted guarantee/letter of credit issuances revolving credit facility, both extended for a three year term.

The CMS team included Warsaw-based Partner Mark Segall and Sofia-based Partner Elitsa Ivanova, Kyiv-based Senior Associate Kateryna Chechulina and Khrystyna Korpan, and Sofia-based Senior Associate Plamena Kostadinova, with support from CMS lawyers Amsterdam and Zurich.

CMS did not reply to an inquiry about counsel for Astarta.