Brief: Milkiland and JSC 'Ostankino Dairy' receive demand notice under deed guarantee

Mlk Foods Public

09/01/2017 08:38

Jan 9 (Reuters) - Milkiland NV (Milkiland)  MLK.WA : 
    * Said on Friday that JSC "Ostankino Dairy" and the company 
received the demand notice under the deed of guarantee made 
between JSC "Ostankino Dairy" (as a guarantor) and Raiffeisen 
Bank International AG dated on Aug. 14, 2012  
    * Demand notice is in relation with the facilities agreement 
between the company and UniCredit Bank Austria AG and ZAO 
Raiffeisenbank dated Dec. 16, 2011 
    * The management of the company continues the negotiations 
with the lenders aimed at the settlement of the issues 
related to the facilities agreement 
    * The due aggregate amount of Milkiland indebtedness under 
the facilities agreement is $68.4 million and 185,150 euros  
($195,333) 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM0679204 
     
 Further company coverage:  MLK.WA   
    
 
 
 
($1 = 0.9479 euros) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))