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CMS advises ING on USD 30 mln revolving facilities to Astarta

18/ 04/ 2018
  CMS has advised ING, one of its key clients, in connection with a bilateral $30 million revolving facilities to Astarta group for their export operations. Astarta is one of the leaders in sugar and agricultural production and one of the biggest industrial milk producers in Ukraine ensuring its efficiency through the use of the best high technologies. The financing included $25 million pre-export revolving loan facility and $5 million multicurrency uncommitted guarantee/ letter of credit issuances revolving credit facility, both extended for a three years term. The deal is the continuation of successful long-lasting cooperation of Astarta and ING. This and other similar financings provided by ING are very important for Ukrainian agribusiness sector, being one the key sector of Ukrainian economy. Congratulations to the team led by Mark Segall and Elitsa Ivanova, English law qualified Partners, and Kateryna Chechulina, senior associate and Banking & International Finance practice coordinator and assisted by Khrystyna Korpan (Kyiv) and Plamena Kostadinova (Sofia), with further support from CMS Amsterdam and CMS Zurich. Kateryna Chechulina commented: “We are happy to further advise ING in connection with their financing activities in Ukraine. We have been advising ING for many years on various financings to the agribusiness sector, which demonstrates strong continuing support of this sector from both ING and CMS.” - END - For more information and/or interviews, please contact: Darina Gordienko CMS Cameron McKenna Nabarro Olswang E: darina.gordienko@cms-cmno.com /+38044 3913377 Information about Worldwide CMS: CMS provides clients with specialist, business-focused advice in law and tax matters. With our 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 74 offices in 42 countries across the world, revenues totalled €1.01bn in 2016. 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. 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, Funchal, Geneva, Glasgow, Hamburg, Hong Kong, Istanbul, Kyiv, Leipzig, Lima, Lisbon, Ljubljana, London, Luanda, Luxembourg, Lyon, Madrid, Manchester, Medellín, Mexico City, Milan, Moscow, Munich, Muscat, Paris, Podgorica, Poznan, Prague, Reading, Rio de Janeiro, Rome, Santiago de Chile, Sarajevo, Seville, Shanghai, Sheffield, Singapore, Sofia, Strasbourg, Stuttgart, Tirana, Tehran, Utrecht, Vienna, Warsaw, Zagreb and Zurich. For more information, please visit www.cms.law

CMS has advised ING, one of its key clients, in connection with a bilateral $30 million revolving facilities to Astarta group for their export operations. Astarta is one of the leaders in sugar and agricultural production and one of the biggest industrial milk producers in Ukraine ensuring its efficiency through the use of the best high technologies. The financing included $25 million pre-export revolving loan facility and $5 million multicurrency uncommitted guarantee/ letter of credit issuances revolving credit facility, both extended for a three years term. The deal is the continuation of successful long-lasting cooperation of Astarta and ING.

This and other similar financings provided by ING are very important for Ukrainian agribusiness sector, being one the key sector of Ukrainian economy.

Congratulations to the team led by Mark Segall and Elitsa Ivanova, English law qualified Partners, and Kateryna Chechulina, senior associate and Banking & International Finance practice coordinator and assisted by Khrystyna Korpan (Kyiv) and Plamena Kostadinova (Sofia), with further support from CMS Amsterdam and CMS Zurich.

Kateryna Chechulina commented:We are happy to further advise ING in connection with their financing activities in Ukraine. We have been advising ING for many years on various financings to the agribusiness sector, which demonstrates strong continuing support of this sector from both ING and CMS.

– END –

For more information and/or interviews, please contact:

Darina Gordienko

CMS Cameron McKenna Nabarro Olswang

E: darina.gordienko@cms-cmno.com /+38044 3913377

Information about Worldwide CMS:

CMS provides clients with specialist, business-focused advice in law and tax matters. With our 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 74 offices in 42 countries across the world, revenues totalled €1.01bn in 2016. 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.

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, Funchal, Geneva, Glasgow, Hamburg, Hong Kong, Istanbul, Kyiv, Leipzig, Lima, Lisbon, Ljubljana, London, Luanda, Luxembourg, Lyon, Madrid, Manchester, Medellín, Mexico City, Milan, Moscow, Munich, Muscat, Paris, Podgorica, Poznan, Prague, Reading, Rio de Janeiro, Rome, Santiago de Chile, Sarajevo, Seville, Shanghai, Sheffield, Singapore, Sofia, Strasbourg, Stuttgart, Tirana, Tehran, Utrecht, Vienna, Warsaw, Zagreb and Zurich.

For more information, please visit www.cms.law

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