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Redcliffe Partners and Linklaters Advise EBRD on Loan to Kernel for Biomass Plants Construction

Redcliffe Partners and Linklaters Advise EBRD on Loan to Kernel for Biomass Plants Construction

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Redcliffe Partners and Linklaters have advised the EBRD on a USD 56 million term-secured loan, including a USD 8 million tranche funded by the Clean Technology Fund, made to four Ukrainian members of the Kernel Group, the producer and exporter of sunflower oil in Ukraine and a supplier of agricultural products from the Black Sea region to world markets. Allen & Overy and Lenz & Staehlin reportedly advised the Kernel Group on the deal.

The loan will be used to finance the construction of four biomass plants with an aggregate capacity of 47MW at the existing Ukrainian production facilities of the borrowers to use sunflower husk, a biomass residue produced in the crushing process, as biofuel to generate electricity.

The Redcliffe Partners team included Managing Partner Olexiy Soshenko, Senior Associate Evgeniy Vazhynskiy, and Junior Associate Eduard Olentsevych.

The Linklaters team included Counsel Adrian Horne and Associate Piotr Hurkala.

Redcliffe Partners at a Glance

Redcliffe Partners is a leading Ukrainian law firm that provides a full range of legal services to large national enterprises, international companies, financial institutions and private investors who are conducting business or investment activities in Ukraine.

We are involved in the majority of the largest and most complicated transactions and litigation cases in Ukraine.

Redcliffe is a top-tier law firm in Ukraine, being Tier 1 in all of our key practices: Banking, Energy and M&A according to Legal 500 2019.

The basis of our work and dynamic development is a powerful international team, practical experience in the most active business sectors, and impeccable professional ethics and business transparency.

Firm's website: www.redcliffe-partners.com