Arzinger acted as a Ukrainian law counsel to the European Bank for Reconstruction and Development in connection with provision of a loan to Agrofusion Group.
Arzinger advised EBRD in connection with provision of a senior secured revolving loan of up to €10 million to Farm Enterprise "Organic Systems". The Loan will provide necessary liquidity to finance the current farming and processing campaign until November 2020 and beyond. Securing sufficient working capital financing will be crucial for Agrofusion Group to achieve sustainable production volume under COVID-19 environment.
This project was approved in the context of the EBRD's response to the COVID-19 pandemic.
Arzinger’s team working on the project was led by Oleksander Plotnikov, the Head of Banking and Finance Practice.
"We are proud of being able to assist our client in its respond to COVID-19 pandemic", Oleksander Plotnikov said.