KERNEL (KER): KERNEL RENEWS PRE-EXPORT CREDIT FACILITIES - raport 20
Raport ESPI
UNI - EN REPORT No20/2014
Kernel renewed two pre-export working capital credit facilities with syndicates of European banks. The first facility has a committed limit of USD 180 million and a committed option to expand to USD 230 million for pre-export financing of grain from Ukraine. The second facility has a committed limit of USD 50 million for pre-export financing of grain and sunflower oil from the Russian Federation. Both credit lines are one year secured revolving facilities typically used to finance the company’s working capital for export operations.
