OREANDA-NEWS. November 17, 2011. Debut USD  150,000,000 Syndicated Commodity Facility between PJSC Creative and UniCredit Group, that acted as Sole Co-ordinating Mandated Lead Arranger and a Sole Bookrunner, was signed on October 25, 2011.

The Facility represents PJSC Creative successful debut transaction in the international syndicated loan market and was well received by the market.The proceeds will be used to finance the Borrower’s sunflower seed purchases, their storage period and their processing period until the seeds have been processed into the commodities, which are to be sold on the domestic market or exported under the export contracts.

Lenders under the Facility are PJSC Ukrsotsbank, a member of UniCredit, Erste Group Bank AG and VTB Bank (Austria) AG as Mandated Lead Arrangers.

UniCredit Bank AG acts as Facility and Off-Shore Security Agent, PJSC Ukrsotsbank is Local Security Agent and Local Account Bank and UniCredit Bank Austria AG acts as the Offshore Account Bank.

Vladislav Vinyarskiy, Head of Agreecultural Financing Unit of UniCredit Bank, PJSC “Ukrsotsbank”: “UniCredit Bank, PJSC "Ukrsotsbank" debuted as the organizer of an international Syndicated Commodity Facility in the pre-export financing, confirming the Group status as a reliable financial partner that provides with professional banking services. This transaction is an indicator of confidence of international banking groups towards the Ukrainian agricultural sector.”

Statement of Yuri Davydov, CEO of PJSC Creative: “This transaction represents a key milestone in successful implementation of our business strategy, It allows for securing a stable funding for raw materials purchases and enlarging the company’s presence at international financial markets. We are pleased with the level of our cooperation with Unicredit and other members of the financing syndicate”.