AVELLUM advised EBRD
AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development in connection with a senior secured loan of up to EUR9.5 million to LLC Nova Poshta
This is one of the first UAH/EUR multi-currency loan extended to a Ukrainian company by EBRD. The loan employs innovative UAH/EUR multi-currency mechanics aimed at reducing the interest rate cost of the foreign exchange risk.
The loan proceeds will be used to (i) finance the design and construction of a new automated parcel-sorting terminal in the city of Khmelnytskyi and (ii) purchase the equipment for the terminal.
The AVELLUM team was led by senior partner Glib Bondar, with support from counsel Taras Dmukhovskyy and associates Tetiana Mykhailenko, Orest Franchuk, Oleg Krainskyi, and Anna Mykhalova.