Salans acted as legal advisor in Ukraine to Noble Resources Ukraine LLC regarding a $50 million financing programme from the European Bank for Reconstruction and Development (EBRD). The financing will be provided by EBRD in the form of an annual revolving working capital loan with a maximum commitment of up to $50 million that is renewable for three years. The facility will be used by Noble Resources Ukraine LLC for the origination, storage, and export-trade of agricultural commodities in Ukraine.
Other project objectives where EBRD cooperation is envisaged include construction as well as possible acquisition and upgrade of grain storage and primary processing facilities in Ukraine.
Salans’ lawyers in Kyiv and London provided full legal support to Noble Resources Ukraine LLC in connection with the project including revision of the revolving loan agreement, deed of guarantee and indemnity, and subordination agreement.
Noble Resources Ukraine LLC is a wholly-owned subsidiary of Noble Group Limited – a leading global supply chain manager in agricultural and other commodities listed on the Singapore Stock Exchange.
The European Bank for Reconstruction and Development is the biggest financial investor in Ukraine. As of 1 September 2009, it had committed almost EUR 4.5 billion through 185 projects.
Salans’ project team was lead by partners: Volodymyr Monastyrskyy (Kyiv), Natalia Selyakova (Head of Salans’ Banking and Finance Group in Ukraine, Kyiv), William McCaffrey (London) and Paula Howard (London).
Contacts:
Natalia Selyakova - Partner, Head of Banking and Finance Group in Ukraine
Tel.: +380 44 494 4774
Email: nselyakova@salans.com
Volodymyr Monastyrskyy - Partner
Tel.: +380 44 494 4774
Email: vmonastyrskyy@salans.com
Irina Batmanova - Business Development & Marketing Manager
Tel.: +380 44 494 4774
Email: ibatmanova@salans.com