Ukrainian Banking Syndicate arranged by PJSC UkrSibbank – granting a USD 80 million Facility to LLC Kernel-Trade

In December 2012 the Syndicate of Ukrainian banks arranged by PJSC UkrSibbank signed a set of documents for granting a USD 80 million revolving loan facility to LLC Kernel-Trade. 

LLC Kernel-Trade belongs to Kernel Group, a major supplier of grain, sunflower oil and meal produced in to the international market operating in Ukraine and Russia, as well as a key provider of grain silo services to the farmers. 

The above loan facility is granted for a 3-year term for the purposes of financing the expenses of Kernel Group farming vehicles relating to the growing of agricultural crops, sowing, cultivating and harvesting.

Vasil Kisil & Partners acted as a sole legal adviser on this matter to the Ukrainian Banking Syndicate, specifically providing full legal support in drafting and negotiating LMA-based documentation, in particular, the Syndicated Facility Agreement, the Intercreditor Agreement, the Participation Interest Pledge Agreement, the Future Harvest Pledge Agreement and the Suretyship Agreement.