Avellum acted as the Ukrainian legal counsel to the EBRD in connection with a senior secured loan of up to EUR 2.6 million to Negabarit-Service LLC, a Ukrainian company specializing in oversized and complex auto cargo transportation.
According to Avellum, the loan will help finance Negabarit-Service’s investment program for the acquisition of up to 42 trucks equipped with advanced GPS systems and 18 trailers. Industrial customers across Ukraine and the EU will have access to a wider range of oversized cargo transport services following the transaction. The new trucks will decrease Negabarit-Service’s operating costs by at least 30% due to a reduction in fuel consumption and maintenance expenditure. The new vehicles will be compliant with EURO-6 or higher emissions standards, which will help decrease nitrogen oxide emissions by 80% and carbon oxide by 22%.
The Avellum team was led by Senior Partner Glib Bondar, supported by Counsel Maria Tsabal and Associates Oleksandra Kupriichuk and Anna Kalabska.