AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the state-guaranteed USD250 million loan extended to State Enterprise National Nuclear Energy Generating Company “Energoatom”.
The loan is funded through the issuance of loan participation notes in the United States capital markets, arranged by Merrill Lynch, Pierce, Fenner & Smith. Overseas Private Investment Corporation, a United States Government agency, has issued an insurance policy on the loan.
The loan proceeds will be used to finance the construction of a central storage facility for the spent nuclear fuel produced by three nuclear power plants in Ukraine. The facility will be located in Chornobyl exclusion zone. Once fully operational, the central storage facility will create a safe environment for processing, storing, and safeguarding significant quantities of spent nuclear fuel.
The AVELLUM team was led by senior partner Glib Bondar, with support from counsels Taras Dmukhovskyy and Vadim Medvedev, senior associate Anna Melnychuk and associates Orest Franchuk, Oleg Krainskyi, Oleksii Maslov and Vladyslav Aleksandrov.