September 5, 2019 / 7:19 AM / 2 months ago

BRIEF-Kernel Holding Announces Amendment And Extension Of Its Pre-Export Credit Facility

Sept 5 (Reuters) - Kernel Holding SA:

* SAID ON WEDNESDAY IT HAS ENTERED INTO AMENDMENT AND RESTATEMENT AGREEMENT TO ITS PRE-EXPORT CREDIT FACILITY DATED OCT. 16,2017 WITH A SYNDICATE OF EUROPEAN BANKS

* TOTAL AVAILABLE LIMIT UNDER AMENDED FACILITY WAS INCREASED UP TO $390.0 MILLION BY ADDING ADDITIONAL TRANCHE OF $100.0 MILLION MATURING AUG. 31,2021

* TENORS OF EXISTING TRANCHES WERE EXTENDED FOR ONE YEAR:$200.0 MILLION TILL AUG. 31,2022 AND $90.0 MILLION TILL AUG. 31,2020

* PRE-EXPORT CREDIT FACILITY WILL BE USED TO FUND THE WORKING CAPITAL NEEDS OF SUNFLOWER OIL PRODUCTION BUSINESS IN UKRAINE

Source text for Eikon:

Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below