Sayenko Kharenko Advises EBRD on EUR 100 Million Loan to Novus

Sayenko Kharenko Advises EBRD on EUR 100 Million Loan to Novus

Ukraine
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Sayenko Kharenko has advised the European Bank for Reconstruction and Development on its provision of a USD 100 million secured financing package to Novus.

Novus is a Ukrainian food retailer with a workforce of more than 5,500 employees.

According to Sayenko Kharenko, “the financing will facilitate the construction and refurbishment of more than 30 new Novus stores by the end of 2022.” The firm stated that the loan will almost double the total number of the retailer’s supermarkets across Ukraine and also be used to build the first green distribution center.

Sayenko Kharenko’s team consisted of Partner Igor Lozenko, Associates Denis Nakonechnyi, Vladyslava Mitsai, and Vira Pankiv, and Junior Associate Oleksandr Motin.