Home / News / CMS advises ING on two financings in Ukrainian agribusiness...

CMS advises ING on two financings in Ukrainian agribusiness sector

19 September 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".