Brief: Kernel Holding Enters $150 Mln Credit Facility

Kernel Holding SA

25/10/2024 06:25

Oct 25 (Reuters) - Kernel Holding SA  KER.UAX :
    * SAID ON THURSDAY IT ENTERED INTO A $150 MLN CREDIT
FACILITY WITH
A SYNDICATE OF EUROPEAN BANKS
    * THE FUNDS WILL BE USED TO FUND WORKING CAPITAL NEEDS OF
ITS
EDIBLE OIL EXPORTS IN UKRAINE
    * IT IS THE FIRST NEW FINANCING PROVIDED BY INTERNATIONAL
LENDERS
TO THE COMPANY SINCE THE START OF THE WAR IN UKRAINE IN 2022
    * THE FACILITY MATURES ON AUGUST 1 2025, WITH THE
POSSIBILITY OF
FURTHER EXTENSION

        
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