Energoatom Secures EUR 181 Million Facility for Uranium Supply
Deal News | Apr 09, 2025 | CEE Legal Matters
Sayenko Kharenko recently acted as legal advisor for UK Export Finance, Deutsche Bank, and Barclays Bank in structuring a loan facility worth EUR 181 million for JSC NNEGC Energoatom, Ukraine's state nuclear energy company. This loan, covered by UKEF, is strategically aligned with Energoatom's long-term contract with Urenco to procure enriched uranium products necessary for operating Ukraine's nuclear power plants. This financing initiative is a five-year syndicated facility aimed at strengthening Ukraine's energy security, especially during ongoing regional instability. The international support showcased by this arrangement underscores a commitment to sustaining Ukraine's critical energy infrastructure. B. C. Toms & Co provided legal advice to Energoatom. The legal team from Sayenko Kharenko included Partner Anton Korobeynikov, Senior Associate Oles Trachuk, and Paralegal Polina Savinska.
Sectors
- Energy
- Financial Services
- Legal Services
Geography
- Ukraine – Energoatom is Ukraine's state nuclear energy company, making Ukraine a primary geographic focus.
- United Kingdom – UK Export Finance's involvement in facilitating the loan highlights the United Kingdom's geographic relevance.
Industry
- Energy – The article discusses the financing of Energoatom, a nuclear energy company, indicating its connections to the energy sector.
- Financial Services – Involvement of UK Export Finance, Deutsche Bank, and Barclays in providing and facilitating the loan classifies this under financial services.
- Legal Services – Sayenko Kharenko's advisory role in the loan arrangement aligns the article with the legal services sector.
Financials
- EUR 181 million – The value of the loan facility extended to Energoatom.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| JSC NNEGC Energoatom | Target | Company | Ukraine's state nuclear energy company. |
| UK Export Finance | Lender | Company | UK governmental body providing financing to support Energoatom. |
| Deutsche Bank | Lender | Company | One of the banks facilitating the loan to Energoatom. |
| Barclays | Lender | Company | Another bank involved in facilitating the loan to Energoatom. |
| Urenco | Supplier | Company | Supplier of enriched uranium under contract with Energoatom. |
| Sayenko Kharenko | Legal Advisor | Company | Provided legal advisory services to the lenders. |
| B. C. Toms & Co | Legal Advisor | Company | Provided legal advice to Energoatom. |
| Anton Korobeynikov | Partner | Person | Partner at Sayenko Kharenko involved in the deal. |
| Oles Trachuk | Senior Associate | Person | Senior Associate at Sayenko Kharenko involved in the deal. |
| Polina Savinska | Paralegal | Person | Paralegal at Sayenko Kharenko involved in the deal. |