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15 August 2018, 14:34

Asters advises EBRD on up to USD 3.86 million financing to Energoresurs-invest

Asters

Asters acts as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with its up to USD 3.86 million financing to Energoresurs-invest Corporation, a leading provider of insulated steel pipe solutions and manufacturer of wastewater plastic pipes and drainage systems.

A six-year senior secured local currency loan (equivalent USD 3,86 million) will be used to restructure the company’s balance sheet and acquire equipment for the production of goffered polymer pipes and large-diameter polymer vessels. The project will also receive the EU funds provided under the EU4Business program in the amount of up to EUR 200.000 for the pre- and post-investment support.

Asters' banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.

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