Redcliffe Partners advises EBRD on USD 100 million loan to MHP

Redcliffe Partners acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development in providing an up to USD 100 million secured loan to the MHP Group, one of the leading grain, poultry and edible oils producers in Ukraine and southeastern Europe, to finance seasonal working capital needs for its edible oil crushing segment in Ukraine.

The project is part of the EBRD’s Resilience and Livelihoods Framework adopted by the Bank to support the Ukrainian economy following russia’s invasion. Specifically, the loan proceeds will be used to support the MHP Group’s capacity for the production and export of essential agricultural commodities.

Redcliffe Partners provided the EBRD with a full range of legal services to implement the transaction. Such services included general Ukrainian law legal advice, reviewing and assisting with the negotiation of the transaction documentation, preparation and completion of the elaborate security model, provision of various CPs, and issuing the Ukrainian legal opinion.

Our team comprised Olexiy Soshenko, managing partner, Sevastian Viktoruk, associate, and Danylo Martyniuk, junior associate.

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