Profil:
Kernel Holding S.A.Kernel Holding has loan agreement with consortium of European banks for USD 150 mln
Listed Ukrainian cereal and sunflower oil producer Kernel Holding has a loan agreement with a consortium of European banks for USD 150 million, the company said in a press release.
As stated, the loan matures on August 1, 2025, with the possibility of further extension.
It indicated that the loan will be used by the company to finance working capital needs related to its edible oil export business to Ukraine.
This is the first new financing provided to the company by international lenders since the outbreak of full-scale war in Ukraine.
gaw/ nl/