NEWS (October 18, 2013)

Gide advised on USD 140 million syndicated loan facility

Gide is advising a top Russian banking group as the arranger for a USD 140 million syndicated loan facility to Kernel Group, a leading international agribusiness holding, to refinance the acquisition costs and corporate debt. The loan facility is structured as a 5 year USD 100 million tranche and a 12 month USD 40 million tranche. The security package includes the mortgage/pledge of various movable and immovable assets in Ukraine and joint and several guarantees by the companies of the group. Partner Tim Theroux led Gide's finance team which included senior associate Igor Krasovskiy, associates Man Hay Yip and Victoria Dubenkova. Ukrainian law advice has been provided under the supervision of the Kiev office partner Bertrand Barrier.

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