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CMS Advises ING Bank on Restructuring ViOil Financing

CMS Advises ING Bank on Restructuring ViOil Financing

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CMS has advised ING Bank N.V. on restructuring the financing facility for vegetable oil producer and exporter ViOil Group to reflect changes in ViOil's corporate structure.

CMS reports that it "supported the syndicate of banks led by ING on the initial USD 80 million financing granted back in 2017, which was extended and increased to USD 100 million in 2018." It has now assisted with “further amendments to the facility aimed at improving the group’s leverage according to its new capital management and business plan.”

CMS’s team included Warsaw-based Partner Mark Segall, Kyiv-based Partner Ihor Olekhov, Counsel Kateryna Chechulina, Associate Khrystyna Korpan, and Lawyer Ivan Pshyk, and Amsterdam-based Partner Eduard Scheenstra and Lawyer Jenny Noordermeer.

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