CMS Cameron McKenna Nabarro Olswang advised on landmark financing of new grain terminal
CMS Cameron McKenna has advised M.V. Cargo with respect to two parallel loans made available to it by the European Bank for Reconstruction and Development and the International Finance Corporation. The loans, totalling USD 74 million, will partly finance M.V. Cargo’s construction of a new modern grain terminal in the Ukrainian Black Sea port of Yuzhniy. The total value of the investment in the project is expected to exceed USD 150 million, and construction of the grain terminal is expected to be finalised in 2018. The CMS financing team was led by Simona Marin and Kateryna Chechulina, and included Khrystyna Korpan and other lawyers from CMS offices in Luxembourg and The Netherlands. Graham Conlon, Tetyana Dovgan and Vitalii Mainarovych also continue to remain involved on the corporate/joint-venture side.