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

Kernel Holding SA

05/09/2019 08:18

Sept 5 (Reuters) - Kernel Holding SA  KER.WA :
    * 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:  urn:newsml:reuters.com:*:nEMbnWpd5a
    
 Further company coverage:  KER.WA