Avellum has acted as Ukrainian law counsel to the EBRD in connection with the renewal of a USD 40 million secured syndicated pre-export loan facility to the Industrial Group ViOil.
ViOil is a major Ukrainian producer and exporter of sunflower oil. The facility is used to finance ViOil’s working capital needs associated with the purchase of sunflower, rape seeds, and soya beans, and their primary processing into edible oil.
The Avellum team was supervised by Glib Bondar and led by Counsel Igor Lozenko, with support from Associates Taras Stadniichuk, Orest Franchuk, and Anastasiya Voronova.
CEE Legal Matters reported on the initial loan on November 13, 2015.
