The provision of a US$ 130 million loan to the subsidiaries of Sodrugestvo Group in Belarus, Belagroterminal LLC ("BAT") and Sodrugestvo Trans-Agro LLC ("STA") (the "Companies") to finance capital expenditure, working capital needs, consolidate and extend the maturity of the existing financial debt (the "Project"). Up to US$ 45 million out of this amount is expected to be syndicated to commercial banks through the EBRD's A/B loan structure.
The operation will enable the Companies to finance the acquisition of grain hoppers for the Companies' needs to supply their Belarusian production facility and transport finished products; consolidate and extend the maturity of the existing financial debt of BAT; finance capital expenditure needs including, amongst others, the construction and the equipping of the boiler house, and working capital financing for the optimisation of procurement of raw materials.
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at email@example.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.