Avellum has advised the EBRD in connection with a senior secured loan of up to EUR 9.5 million to Nova Poshta LLC.
Nova Poshta is an express delivery company in Ukraine, with 2,300 depots all over the country. It offers international delivery services to over 200 countries and employs more than 23,000 people.
According to Avellum, “this is one of the first UAH/EUR multi-currency loan extended to a Ukrainian company by the EBRD. The loan employs innovative UAH/EUR multi-currency mechanics aimed at reducing the interest rate cost of the foreign exchange risk. This helps to achieve a better cost of funding in UAH, which would further strengthen the EBRD’s position in local currency lending in Ukraine.”
The loan proceeds will be used to finance the design and construction of a new automated parcel-sorting terminal in the city of Khmelnytskyi, and to purchase the equipment for the terminal. Once operational, the terminal will allow Nova Poshta to enhance the efficiency of its human resource use and to optimize its operating costs.
The Avellum team was led by Senior Partner Glib Bondar, supported by Counsel Taras Dmukhovskyy and Associates Tetiana Mykhailenko, Orest Franchuk, Oleg Krainskyi, and Anna Mykhalova.
