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Integrites Advises EBRD on Increased Loan to Nadezhda in Ukraine


Integrites has acted as legal counsel to the European Bank for Reconstruction and Development (EBRD) on the increase of a loan up to USD 16 million (approximately EUR 14.22 million) to Nadezhda, the Ukrainian nationwide operator of liquefied petroleum gas and petrol stations.

The loan proceeds will be utilized to finance the working capital needs associated with the purchase of oil products and LPG and acquisition or construction of one or two LPG Depots in Ukraine.

The Nadezhda Group is one of the largest liquefied gas and oil products distributors in Ukraine. The company also operates in EU and CIS markets, and employs about 1,000 people.  

Integrites ensured the compliance of the English-governed documentation with the requirements of Ukrainian law, drafted and perfected the security package, and assisted with collecting CPs to the disbursement.

The firm’s team was led by Partner, Oleksandr Aleksyeyenko, and included Yevgen Blok.