NEWS (November 27, 2014)

Avellum Partners Advises ING Bank on Loan Facility to Myronivsky Hliboproduct

Avellum Partners has acted as legal counsel to ING Bank in connection with a USD 100 million sunflower oil pre-export loan facility to Myronivsky Hliboproduct Group — one of Ukraine’s leading agro-industrial companies.

According to an Avellum Partners statement, “the loan proceeds will be used for the purchase of sunflower seeds in the Ukrainian market and subsequent processing of sunflower seeds into sunflower oil for export."

Glib Bondar, who led the Avellum Partners team on the deal, said: “We are delighted to continue assisting both ING and MHP in pre-export finance transactions …. It signifies our deep corporate finance expertise and builds on our long-lasting relationship with ING.”

Bondar was supported on the deal by Associates Olena Polyakova, Taras Dmukhovskyy, and Anna Melnychuk.

The publication was reprinted with the permission of CEELM. For original publication, please follow http://www.ceelegalmatters.com/index.php/over-the-wire/legal-ticker-deals-and-cases-in-cee/item/1690-avellum-partners-advises-ing-bank-on-loan-facility-to-myronivsky-hliboproduct

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