Last Updated January 18, 2008
The European Bank of Reconstruction and Development (EBRD) and IFC has signed a US$200mn loan for the Ukrainian firm Galnaftogaz.
The loan structure features a subordinated debt tranche of US$40mn, with EBRD and IFC providing a US$20mn each.
It also features a US$60mn A loan, which is a direct or senior loan, with EBRD and IFC providing US$30mn each.
A US$100mn B loan comes in the form of a syndicated facility raised by co-arrangers Erste Bank and ING Ukraine.
The EBRD is the biggest financial investor in Ukraine, and as of the end of November 2007 it had committed over € 3.12bn through over 156 projects.
Galnaftogaz sells petrochemicals and associated products and offers fuel storage and transportation services.
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