News

04/02/2019

Support of investment project on wood processing plant modernization

The project on wood processing plant modernization included support of contractual relationships between European Bank for Reconstruction and Development (EBRD) and the Client together with raising funds from private investors for the Client.
This project was aimed at modernization of the plant’s facilities together with construction of new modern processing departments. Gross sum of the project amounts to more than EUR 13 millions, the majority of which were successfully provided as a loan form the EBRD.
During the project Simplex was supporting the Client on the following:
• enterprise pre-financing preparation for the EBRD’s audit;
• lending operations, reporting, analysis of the necessary covenants and modification of such covenants during the first year from the moment of the loan receipt;
• investment project in the spheres of tax, corporate and labor law;
• contracts on purchase, assembling, putting into service of the equipment and construction of modern facilities.

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