CMS assists ING Bank N.V. on financing for ViOil
CMS continues to advise its long-standing key client, ING Bank N.V. (ING), on various aspects of financing for ViOil Group, a leading vegetable oil producer and exporter. CMS supported the syndicate of banks led by ING on the initial USD 80 mln financing granted back in 2017 which was extended and increased to USD 100 mln in 2018. This year the CMS team advised on an ongoing transaction in connection with ViOil’s intragroup corporate restructuring as part of the group’s development strategy aimed at alignment with best international standards and practices. CMS has assisted with further amendments to the facility aimed at improvement of the Group’s leverage according to the new capital management and business plan of the Group.
The transaction was led by Mark Segall, Partner and Head of Finance CEE/CIS and a team on the ground in Kyiv comprising Ihor Olekhov, Partner, Kateryna Chechulina, Counsel, Khrystyna Korpan, Associate, and Ivan Pshyk, Lawyer, as well as Eduard Scheenstra and Jenny Noordermeer from CMS Amsterdam.
Ihor Olekhov commented: “Ukraine’s agriculture continues to grow and develop exponentially. We are happy and proud to assist ING and its clients with our outstanding knowledge and expertise in agricultural finance transactions. Many international banks are seeing Ukraine as the leading exporter of agricultural products and are ready to contribute to the successes of key players in the market. We will continue to advise on cutting-edge finance products and make possible unique transactions that seem unachievable and uncommon for this market.”
CMS boasts the leading agricultural practice in the market with substantial English and Ukrainian law capability in Kyiv and other CEE /CIS jurisdictions.
For further information, please contact:
Darina Gordienko, Senior Business Development Executive
T: +38 044 391 3377
NOTES TO EDITORS
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