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16 January 2014

Asters Advises the International Finance Corporation on USD 65 Million Financing to Mriya


Asters acts as a legal counsel to the International Finance Corporation (IFC) in connection with a USD 65 million financing to one of the largest agro holdings in Ukraine – the Mriya group of companies.

The IFC project includes a 2-year revolving working capital facility in the amount of USD 60 million to provide financing for inputs needed for agricultural production to produce agricultural commodities for sale to local clients and international traders. The project aims at replacing IFC’s existing USD 35 million 3-year working capital facility due for final repayment in March 2014.

In addition to the working capital facility, the project includes a three year USD 5 million loan to help Mriya improve its waste management and realize energy efficiencies.

The aforementioned financing is provided within the frameworks of the long-term IFC and Mriya partnership, on which matters Asters has been advising IFC starting from 2010.

Asters' banking and finance team working on this project includes partner Iryna Pokanay and associates Gabriel Aslanian and Inna Bondarenko.



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