Aequo acted as Ukrainian legal counsel for the European Fund for Southeast Europe (EFSE), one of the largest development finance funds worldwide, on the granting of a financing package to OTP Leasing LLC, the leading Ukrainian leasing company. The deal included a senior loan of USD 10 million, contracted in May 2019, and an additional financing of EUR 5 million in June 2019.
The EFSE provides sustainable funding to micro and small enterprises, helping them to grow, generate additional income, and create employment, as well as to low-income families, assisting them in the improvement of their housing conditions.
The loans will be directed to financing leasing transactions with Ukrainian MSEs, which are engaged in agriculture, livestock and agro-processing or have their main business operations in rural areas (agribusiness).
The Aequo team assisted EFSE in preparing and negotiating the transaction documentation and issued legal opinion in EFSE’s favour to confirm the validity and enforceability of the transaction and supporting documents.
“We are honored to be chosen as the EFSE’s advisor once again within a short time period. This demonstrates the client’s confidence in Aequo’s exceptional services and deep understanding of financial matters, as well as strong industry expertise in agribusiness. We believe in the further success of the project and look forward to our fruitful co-operation with the Fund,’’ commented Yulia Kyrpa.