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20 October 2011

Sayenko Kharenko advised VTB Capital on a USD 100 million loan to Kernel Group

Sayenko Kharenko acted as a Ukrainian legal counsel to VTB Capital, provided by one of the banks from VTB Group, on USD 100 million two-year loan facility to Inerco Trade S.A., a subsidiary of Kernel Holding S.A.

The loan was provided for working capital purposes of Kernel Group and benefited from the guarantees of Kernel Holding S.A. and operational subsidiaries of the Group.

Kernel Holding S.A. is a diversified agribusiness company operating primarily in farming, in the production, refining and bottling of oil, in grain origination and logistics, and in the grain silos and port transshipment facilities owned and operated by Kernel.

Sayenko Kharenko team for the current transaction included senior associate Olexander Olshansky, associate Igor Lozenko and was led by partner Nazar Chernyavsky.

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