CMS has advised the Export-Import Bank of Korea on a USD 36 million financing extension deal with Grain Terminal Holdings.
The extension is for a financing agreement from 2020 (as reported by CEE Legal Matters on August 11, 2020).
Grain Terminal Holdings is a Singapore-based joint venture between Posco International and the Orexim Group. According to CMS, Posco International is "Korea's largest trading company" while the Orexim Group is "the leading agricultural trans-shipment and exporting company in Ukraine."
"We are delighted to have supported our client KEXIM on the successful extension of its financing deal to Grain Terminal Holdings," commented Sofia-based CMS Partner Elitsa Ivanova. "This transaction demonstrates our ability to apply innovative legal structures that enable our clients to offer optimal financing solutions to businesses, especially in the agriculture sector."
The CMS team was led by Ivanova and Kyiv-based Senior Associate Orest Matviychuk on English law issues and by Partner Ihor Olekhov on Ukrainian law issues. It included Kyiv-based Associate Ivan Pshyk and Lawyer Iryna Kravchenko, Sofia-based Associate Katerina Hristova, and Singapore-based Director Daniel Tan and Associate Eric Lai.