Ukraine. Kernel extended us$ 100 million pre-export credit facility

16.01.2019


Kernel Holding S.A. (herein "the Company") is pleased to announce that the Company has recently entered into an agreement amending the terms of an up to US$ 100 million pre-export credit facility dated 2 February 2018, provided by a syndicate of European banks and used by the Company to fund the working capital needs of its grain export business in Ukraine. The tenor of the facility was extended until 30 June 2021 and interest rate for tranches has decreased.

 

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