Featured Galleries CLICK HERE to View the Video Presentation of the Opening of the "Holodomor Through the Eyes of Ukrainian Artists" Exhibition in Wash, D.C. Nov-Dec 2021 USUBC COLLECTION OF OVER 160 UKRAINE HISTORIC NEWS PHOTOGRAPHS 1918-1997 "HOLODOMOR 1932-33: THROUGH THE EYES OF UKRAINIAN ARTISTS" - COLLECTION OF POSTERS AND PAINTINGS USUBC COLLECTION OF HISTORIC PHOTOGRAPHS ABOUT LIFE AND CAREER OF IGOR SIKORSKY PHOTOGRAPHS - INVENTOR OF THE HELICOPTER Ten USUBC Historic Full Page Ads in the Kyiv Post
AVELLUM advises BSTDB on secured loan to Prometey group
Mar 23, Mon, 2020
AVELLUM acted as the Ukrainian legal counsel to the Black Sea Trade and Development Bank (“BSTDB”) in connection with a long-term secured loan to Limited Liability Company “Butsefal” and Prometey Swiss SA in the total amount of up to USD10 million.
Part of the loan proceeds were used for the acquisition of a new silo in Mykolaiv region (“Mykolaiv Silo”), which has the total storage capacity of up to 62 thousand tonnes and is the first steel silo in the portfolio of Prometey group. The remaining loan proceeds are intended for the acquisition of another silo and general replenishment of working capital. The provided loan will allow Prometey group to strengthen its ranking position on the list of Ukrainian storage capacity leaders.
Prometey group is operating on the grain market of Ukraine for more than 20 years, providing services for bying, storing and processing grain and oilseeds, as well as the ancillary logistics. With the acquisition of Mykolaiv Silo, the number of silos owned by Prometey group increased to 24 silos, having the total storage capacity of over 1.2 million tonnes.
BSTDB is an international financial institution established by eleven countries in the Black Sea region. BSTDB has signed over 44 operations in Ukraine, having cumulatively disbursed EUR658 million. Support to agribusiness is one of BSTDB’s key priorities in Ukraine largely contributing to economic growth and state revenues.
AVELLUM team was led by senior partner Glib Bondar with support from counsel Maksym Maksymenko, senior associate Tetiana Mykhailenko, associates Anastasiia Zhebel, Daryna Mykhailenko, Dmytro Radzivon, and Mariana Veremchuk.