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CMS advises ING on two financings in Ukrainian agribusiness sector

19/ 09/ 2018
  CMS has advised key client, ING Bank N.V. (ING), on two financings in the Ukrainian agribusiness sector. ING, as arranger and bookrunner, has provided a USD 80 million syndicated pre-export finance facility to Nibulon – one of Ukraine’s largest seed and grain producers and exporters. The bank has also arranged the extension and increase to USD 100 million of the pre-export syndicated credit facility granted last year to ViOil – a significant vegetable oil producer and exporter. CMS Partners Mark Segall and Elitsa Ivanova led the team supported by Kateryna Chechulina, senior associate at CMS Kyiv, as well as by colleagues from CMS Zurich and CMS Amsterdam on Swiss and Dutch law matters. Mark Segall commented: “These pre-export finance facilities very well suit the needs of Ukrainian agribusinesses, providing them with the sufficient working capital through the annual production and export cycle. The continued strength of the industry is demonstrated by the committed support of international banks such as ING. We are delighted to have advised ING on such financings for many years and to have developed our reputation as the leading legal advisor for Ukrainian agricultural pre-export finance. -END- For more information and/or interviews, please contact: Darina Gordienko, Marketing Officer E: darina.gordienko@cms-cmno.com T: +380 44 391 3377 NOTES TO EDITORS About CMS CMS provides clients with specialist, business focused advice in law and tax matters. With over 4,500 legal professionals across the world, working in sector-based teams and expert in project management, our focus is on our clients and fulfilling their objectives. CMS is a full-service top 10 global law firm, based on the number of lawyers (Am Law 2017 Global 100). With 72 offices in 41 countries across the world, revenues totalled €1.3bn in 2017. CMS acts for the majority of the DAX 30, a large number of the FT European 500 and a number of Fortune 500 companies. CMS provides a wide range of expertise across 19 expert practice and sector areas including Banking and Finance, Commercial, Competition, Corporate, Dispute Resolution, Employment, Energy, Funds, Intellectual Property, Life Sciences/ Pharmaceuticals, Real Estate & Construction, Tax and TMT. For more information, please visit www.cms.law CMS offices and associated offices: Aberdeen, Algiers, Amsterdam, Antwerp, Barcelona, Beijing, Belgrade, Berlin, Bogotá, Bratislava, Bristol, Brussels, Bucharest, Budapest, Casablanca, Cologne, Dubai, Dusseldorf, Edinburgh, Frankfurt, Geneva, Glasgow, Hamburg, Hong Kong, Istanbul, Kyiv, Leipzig, Lima, Lisbon, Ljubljana, London, Luxembourg, Lyon, Madrid, Manchester, Medellín, Mexico City, Milan, Monaco, Moscow, Munich, Muscat, Paris, Podgorica, Prague, Reading, Rio de Janeiro, Riyadh, Rome, Santiago de Chile, Sarajevo, Seville, Shanghai, Sheffield, Singapore, Sofia, Strasbourg, Stuttgart, Tirana, Tehran, Utrecht, Vienna, Warsaw, Zagreb and Zurich.

CMS has advised key client, ING Bank N.V. (ING), on two financings in the Ukrainian agribusiness sector.

ING, as arranger and bookrunner, has provided a USD 80 million syndicated pre-export finance facility to Nibulon – one of Ukraine’s largest seed and grain producers and exporters. The bank has also arranged the extension and increase to USD 100 million of the pre-export syndicated credit facility granted last year to ViOil – a significant vegetable oil producer and exporter.

CMS Partners Mark Segall and Elitsa Ivanova led the team supported by Kateryna Chechulina, senior associate at CMS Kyiv, as well as by colleagues from CMS Zurich and CMS Amsterdam on Swiss and Dutch law matters.

Mark Segall commented: “These pre-export finance facilities very well suit the needs of Ukrainian agribusinesses, providing them with the sufficient working capital through the annual production and export cycle. The continued strength of the industry is demonstrated by the committed support of international banks such as ING. We are delighted to have advised ING on such financings for many years and to have developed our reputation as the leading legal advisor for Ukrainian agricultural pre-export finance”.

-END-

For more information and/or interviews, please contact:

Darina Gordienko, Marketing Officer

E: darina.gordienko@cms-cmno.com

T: +380 44 391 3377

NOTES TO EDITORS

About CMS

CMS provides clients with specialist, business focused advice in law and tax matters. With over 4,500 legal professionals across the world, working in sector-based teams and expert in project management, our focus is on our clients and fulfilling their objectives.

CMS is a full-service top 10 global law firm, based on the number of lawyers (Am Law 2017 Global 100). With 72 offices in 41 countries across the world, revenues totalled €1.3bn in 2017. CMS acts for the majority of the DAX 30, a large number of the FT European 500 and a number of Fortune 500 companies.

CMS provides a wide range of expertise across 19 expert practice and sector areas including Banking and Finance, Commercial, Competition, Corporate, Dispute Resolution, Employment, Energy, Funds, Intellectual Property, Life Sciences/ Pharmaceuticals, Real Estate & Construction, Tax and TMT.

For more information, please visit www.cms.law

CMS offices and associated offices: Aberdeen, Algiers, Amsterdam, Antwerp, Barcelona, Beijing, Belgrade, Berlin, Bogotá, Bratislava, Bristol, Brussels, Bucharest, Budapest, Casablanca, Cologne, Dubai, Dusseldorf, Edinburgh, Frankfurt, Geneva, Glasgow, Hamburg, Hong Kong, Istanbul, Kyiv, Leipzig, Lima, Lisbon, Ljubljana, London, Luxembourg, Lyon, Madrid, Manchester, Medellín, Mexico City, Milan, Monaco, Moscow, Munich, Muscat, Paris, Podgorica, Prague, Reading, Rio de Janeiro, Riyadh, Rome, Santiago de Chile, Sarajevo, Seville, Shanghai, Sheffield, Singapore, Sofia, Strasbourg, Stuttgart, Tirana, Tehran, Utrecht, Vienna, Warsaw, Zagreb and Zurich.

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