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AVELLUM advises EBRD on secured loan to major Ukrainian wood processing company

26/ 06/ 2019

AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a long term senior secured loan to Limited Liability Company “Zunami” (“Zunami”) in the total amount of up to EUR3 million.           

The EBRD is contributing to sustainable forest management in Ukraine by supporting a major domestic wood processing company Zunami with the introduction of new waste management techniques aimed at reducing wood waste by 23 per cent or 3,000 tonnes per year.

This loan will be complemented by grant funding of up to EUR70,000 from the European Union under its EU4Business programme, and USD170,280 incentive grant, funded by the Global Environment Facility under FINTECC programme, designed to transfer technology in the area of climate change mitigation and adaptation.

The EBRD is the largest international financial investor in Ukraine. Since the start of its operations in the country in 1993, the EBRD has made a cumulative commitment of almost EUR13.3 billion across some 423 projects in Ukraine.

Zunami is a Ukraine’s leading producer of finished wooden floors and is engaged in a full cycle of wood processing.

The AVELLUM team was led by senior partner Glib Bondar with support from counsel Maria Tsabal and associates Oleg Krainskyi and Anna Kalabska.

AVELLUM

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, Real Estate, and Antitrust.

Tier 1 within Finance and Corporate: IFLR1000 2019 — 2014

Band 1 within Corporate/M&A and Banking & Finance: Chambers Global 2019 — 2015

Tier 1 within Banking & Finance, Capital Markets, Corporate/M&A, Competition, Private Client, Real Estate and Construction, Tax, and Employment: The Legal500 2019

Recommended in “Enabling business growth” nomination: FT Innovative Lawyers 2018

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