Sayenko Kharenko acted as legal counsel to the European Bank for Reconstruction and Development on its provision of a USD 20 million loan to the subsidiaries of the Industrial Milk Company, a Ukrainian agricultural holding listed on the Warsaw Stock Exchange and involved in corn, sunflower, wheat, soybean, potato, and dairy farming.
According to Sayenko Kharenko, "the deal is expected to provide much needed pre- and post-harvest financing essential for the successful operations of the company’s export oriented business. In particular, the funds raised will be used to finance working capital needs of IMC Group associated with the farming operations in Ukraine."
EBRD is the largest international financial investor in Ukraine, and as of August 1, 2016, it had a total cumulative commitment of almost EUR 12 billion in 367 projects pursued since the start of its operations in Ukraine.
The Sayenko Kharenko team was led by Partner Nazar Chernyavsky and included Senior Associate Iryna Bakina, Associate Taras Shyb, and Junior Associate Alla Kushnirenko.