Redcliffe Partners advised EBRD on providing a financing of USD85 million to Myronivsky Hliboproduct (“MHP”), part of MHP Group, one of the largest agricultural producers in Ukraine. The loan extended to MHP is one of only a few new financings in the agricultural sector of Ukraine that were accomplished over the past year.
Myronivsky Hliboproduct plans to use the proceeds of the EBRD loan for the expansion of the group’s farming activities as well as for the launch of a new plant for soy processing.
Redcliffe’s team advised EBRD on the Ukrainian law aspects of the Loan Agreement, including drafting the Ukrainian security documents, carrying out a limited scope due diligence of certain MHP entities and reviewing English law security documents from a Ukrainian law perspective. Linklaters Warsaw advised on the English law aspects of the transaction.
Redcliffe has a track record of advising on the most sophisticated agri projects in Ukraine. In 2015 alone Redcliffe assisted on a series of transactions involving leading agricultural producers and exporters, including Astarta, COFCO, Kernel, Louis Dreyfus among others.