AVELLUM ADVISES ING ON USD100 MILLION PRE-EXPORT LOAN FACILITY TO MHP

AVELLUM acted as a Ukrainian legal counsel to ING Bank N.V. (“ING”) on a USD100 million secured pre-export revolving loan facility (“Loan”) to Myronivsky Hliboproduct Group (“MHP”), provided by ING together with Crédit Agricole Corporate and Investment Bank.

MHP is one of the leading agro-industrial companies in Ukraine, focusing on the production of poultry and the cultivation of grain. The Loan proceeds were used for the purchase of sunflower seeds in the Ukrainian market for processing into sunflower meal consumed by MHP for production of fodder and oil for further export.

The AVELLUM team was led by senior partner, Glib Bondar, with support from associates Tetiana Mykhailenko and Orest Franchuk.