EVERLEGAL advised UDP Renewables on attracting financing from jsc "state savings bank of ukraine"

EVERLEGAL represented UDP Renewables in a process of receipt by its project company LLC "Terslav" financing from JSC "STATE SAVINGS BANK OF UKRAINE" for the principal amount of EUR 10,535,000 for construction and development of a solar power plant in the Dnipro region of Ukraine.

EVERLEGAL provided complex legal support to its client in this matter. We advised our client on the legal matters related to the execution of the loan agreement, the pledge agreements (including, pledge of shares, mortgage agreements) and suretyship agreements. Our work also included revision of the draft agreements provided by the bank, assisting during the negotiations with the relevant bank, preparing and collecting the documents required by the bank and preparing corporate approvals.

In addition, EVERLEGAL also provides legal support to the client on execution of the amendment agreements, change of mortgage and the relevant supporting agreements.

Furthermore, EVERLEGAL advised UDP Renewables in connection with the development and construction of a 20 MW Terslav solar power plant, which our client has successfully commissioned on 6 May 2020.

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