AEQUO has acted as Ukrainian law counsel to the European Fund for Southeast Europe (EFSE), one of the largest development finance funds worldwide, on 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).
AEQUO's team comprised associate Olesia Mashtaler and counsel Bohdan Dmukhovskyy, who worked under supervision of Yulia Kyrpa, partner and head of Banking and Finance of the firm. AEQUO team assisted EFSE in preparing and negotiating the transaction documentation and issued legal opinion in EFSE’s favor 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 in a short time. 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 cooperation with the Fund", comments Yulia Kyrpa.