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Asters advises EBRD on up to USD 3.86 million financing to Energoresurs-invest

Asters acts as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with its up to USD 3.86 million financing to Energoresurs-invest Corporation, a leading provider of insulated steel pipe solutions and manufacturer of wastewater plastic pipes and drainage systems.

A six-year senior secured local currency loan (equivalent USD 3,86 million) will be used to restructure the company’s balance sheet and acquire equipment for the production of goffered polymer pipes and large-diameter polymer vessels. The project will also receive the EU funds provided under the EU4Business program in the amount of up to EUR 200.000 for the pre- and post-investment support.

Asters' banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.

 

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The European Bank for Reconstruction and Development (EBRD) is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost €12.1 billion across some 400 projects since the start of its operations in the country in 1993.

Asters is a full-service independent national law firm that has maintained a strong presence in Ukraine since 1995. Asters has extensive industry-specific experience and plays a leading role in advising clients in various market sectors. The Firm has consistently remained at the top of the Ukrainian legal market throughout its history. Asters is a winner of Ukraine Law Firm of the Year 2018 award by Who’s Who Legal and a two-time winner of the Law Firm of the Year: Ukraine and the CIS award (The Lawyer European Awards 2014 and 2015). It is also acknowledged as the Law Firm of the Decade by Ukraine's Legal Awards 2016. Asters holds top positions in the most authoritative international and Ukrainian market reviews: The Legal 500, Chambers Global and Chambers Europe, IFLR 1000, Who's Who Legal, Best Lawyers, Expert Guides, and Top 50 Law Firms Annual National Ranking.

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