Sayenko Kharenko advises Deutsche Bank on EUR 23.6 million Finnvera-backed facility to Metinvest’s Northern Iron Ore Enrichment Works

Sayenko Kharenko acted as Ukrainian legal counsel to Deutsche Bank AG, one of the world’s leading financial institutions, in connection with a EUR 23.6 million term loan facility to Private Joint-Stock Company “Northern Iron Ore Enrichment Works”, a leading mining and processing Ukrainian enterprise that is a part of Metinvest Group. The facility is backed by a buyer credit guarantee from Finnvera, the official export credit agency of Finland.

The loan proceeds will be used for the construction and operation of a beneficiation waste thickening facility in Ukraine. The project will contribute to reducing the environmental burden by decreasing energy consumption and conserving fresh water, while also lowering the company’s operational costs.

“We are grateful to Deutsche Bank, Finnvera, and Metinvest for the opportunity to support this important financing. It makes a significant contribution to the implementation of this technological project by Metinvest and to strengthening Ukraine’s mining industry,” said Anton Korobeynikov, partner at Sayenko Kharenko.

Sayenko Kharenko team included Anton Korobeynikov, Vladyslava Mitsai and Polina Savinska.