UKRSIBBANK > Services provided to corporate clients > Lending operations

Group Financing

Type (form) of financing:

  • Multi-currency loan facility with a COMMON financing limit for several Borrowers, within the framework of which any of the predetermined Borrowers may use loan funds.

Borrowers:

  • Legal entities, united in a Group for financing purposes.

Group of borrowers normally constitutes economic entities, directly or indirectly related to one other. Herewith, a Coordinator will be appointed out of the group of Borrowers for financing purposes, which will be mostly in charge of coordination of drawdown of COMMON credit line limit.

Financing period:

  • up to 3 years to replenish working capital;
  • for investment projects the financing period will be bound to payback period of a transaction/project;

Interest rate and fees: to be determined on an individual basis for every client and project.

Financing purpose: replenishment of working capital, rarely investment projects

Drawdown of funds:

  • As requested by the client/clients subject to tranche/tranches to be disbursed being validated by the Coordinator to account for the financing limit decrease schedule.

Interest payment procedure:

  • Each of the Borrowers will pay interest for their liabilities (tranches, received directly by the Borrower), charged for the actual period of loan funds being used.
  • One borrower may settle the debt of another.

Fees payment procedure:

  • Fees may be settled in full by either of the Borrowers, OR allocated to all OR several Borrowers.

Principal liabilities settlement procedure:

  • Loan facility may be settled at the end of the period or imply the limit decrease schedule.
  • Each of the Borrowers will settle its own debt (tranches, received directly by the Borrower).
  • One group member may settle the debt of another Borrower.

Security:

  • Security may be provided by one or several Borrowers to enter into separate security agreements.

Responsibility:

  • Borrowers will bear joint and several responsibility for their liabilities under the loan agreement. The Bank may seek performance of contractual liabilities (in full or partially) both by all Borrowers at a time and by each of them individually.

Product advantages:

  • option to efficiently use financial resources inside the group, i.e. as one of the Borrowers repays a loan, the limit may be used by another Borrower.

Professionals of Corporate Banking Department are available to advise you on financing terms and bureaucratic routine to obtain a loan: Contacts.

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