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Redcliffe Partners acted as a legal adviser to Citibank Ukraine in connection with a loan to Myronivsky Hliboproduct

12/ 06/ 2020
  Redcliffe Partners acted as a legal adviser to Citibank Ukraine in connection with a loan of up to USD30 million to Myronivsky Hliboproduct (MHP), one of the largest Ukrainian producers and exporters of agricultural products and poultry meat. The loan will be used to finance MHPs working capital needs. The loan was negotiated and executed during the period of quarantine restrictions in Ukraine, and therefore it may serve as an example of business processes continuing despite such restrictions. Redcliffe Partners role in the transaction included reviewing, drafting and negotiating the loan agreement, the preparation of security documents, conducting a corporate check of the borrowers and Ukrainian pledgors, collection of conditions precedent, and the issuance of the Ukrainian legal opinion. Our team advising on the transaction was composed of Olexiy Soshenko, Managing Partner, Olesia Mykhailenko, Senior Associate, and Eduard Olentsevych, Associate.

Redcliffe Partners acted as a legal adviser to Citibank Ukraine in connection with a loan of up to USD30 million to Myronivsky Hliboproduct (“MHP”), one of the largest Ukrainian producers and exporters of agricultural products and poultry meat.

The loan will be used to finance MHP’s working capital needs. The loan was negotiated and executed during the period of quarantine restrictions in Ukraine, and therefore it may serve as an example of business processes continuing despite such restrictions.

Redcliffe Partners’ role in the transaction included reviewing, drafting and negotiating the loan agreement, the preparation of security documents, conducting a corporate check of the borrowers and Ukrainian pledgors, collection of conditions precedent, and the issuance of the Ukrainian legal opinion.

Our team advising on the transaction was composed of Olexiy Soshenko, Managing Partner, Olesia Mykhailenko, Senior Associate, and Eduard Olentsevych, Associate.

This material is provided by a member company or partner organization of the European Business Association as part of an informational collaboration. The Association is not responsible for the accuracy, completeness, or reliability of the information presented. The views, opinions, and recommendations expressed in this material are solely those of the authors and do not reflect the official position of the European Business Association.

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