Baker McKenzie assisted BSTDB on an up to $70 million loan to Epicentr K

Kyiv, Ukraine, 6 February 2020 - The Kyiv office of Baker McKenzie acted as Ukrainian law counsel to the Black Sea Trade and Development Bank (BSTDB) in connection with their up to $70 million loan to "Epicentr K" LLC and Renvior Trading Limited.

The loan will support the Group’s agriculture business program for 2019-2021, in particular the construction of three new and modernization of four existing grain silos and the purchase of agricultural machinery.   

Baker McKenzie's team was led by the Kyiv Office's Managing Partner Serhiy Chorny with key input from Associate Ganna Smyrnova.

About Black Sea Trade and Development Bank

The Black Sea Trade and Development Bank (BSTDB), an international financial institution with headquarters in Thessaloniki, Greece, was established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. BSTDB started operations in June 1999 and has authorized capital of €3.45 billion. The Bank supports economic development and regional cooperation in the Black Sea Region through trade and project finance lending, guarantees, and equity participation in private enterprises and public entities in the member countries. BSTDB is rated A-/A-2 by Standard & Poor’s, and A2/P1 by Moody's. (https://www.bstdb.org)

About Baker McKenzie

Baker McKenzie helps clients overcome the challenges of competing in the global economy. We solve complex legal problems across borders and practice areas. Our unique culture, developed over 65 years, enables our 13,000 people to understand local markets and navigate multiple jurisdictions, working together as trusted colleagues and friends to instil confidence in our clients. (www.bakermckenzie.com)

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