Redcliffe Partners has advised the EBRD on its up to USD 100 million secured loan to Ukrainian poultry and grain producer MHP.
According to Redcliffe Partners, the loan is aimed to finance seasonal working capital needs for its edible oil-crushing segment in Ukraine.
"The project is part of the EBRD’s Resilience and Livelihoods Framework adopted by the Bank to support the Ukrainian economy following Russia’s invasion," the firm informed. "Specifically, the loan proceeds will be used to support the MHP Group’s capacity for the production and export of essential agricultural commodities."
The MHP Group is a grain, poultry, and edible oils producer that operates in Ukraine and southeastern Europe.
Last year, Redcliffe Partners also advised the EBRD on a EUR 24 million short-term unsecured loan to MHP (as reported by CEE Legal Matters on June 28, 2022).
The Redcliffe Partners team included Managing Partner Olexiy Soshenko, Associate Sevastian Viktoruk, and Junior Associate Danylo Martyniuk.
Editor's Note: After this article was published, CMS announced it had advised the EBRD on English law matters. The firm's team included Partner Rafal Zakrzewski and Senior Associate Evgeniy Vazhynskiy.