MILKILAND (MLK): Signing a Loan Agreement with a Syndicate of Banks - raport 18
Raport bieżący nr 18/2011
Podstawa prawna:
Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bie�"��ce i okresowe
The Board of Directors of Milkiland N.V. (the "Company") hereby informs that on December 16, 2011 a syndicate of international banks signed a loan facility agreement to provide a loan financing to Milkiland N.V. and its subsidiaries (the "Group").
The Coordinator of the loan is the Royal Bank of Scotland (the "RBS"). RBS, UniCredit International (the "UCI") and Raiffeissen Bank International Group (the "RBI Group") all together are arrangers and bookrunners of the loan.
The financing in amount of up to USD 100 million comprises a senior secured long term loan for 4 years with a 12-month grace period. The availability period for loan drawdown is 9 months (270 days). The loan is secured by pledge of 94% stake in OJSC "Ostankinskiy Molochniy Combinat", pledge of assets and guarantees from DE "Milkiland Ukraine" and several Ukrainian subsidiaries of the Group.
The proceeds from this facility will be used to repay the existing Ukrainian banks loans (USD 35 million) and for general corporate purposes.
The loan agreement has come into force on December 29, 2011, after the conditions precedent were fully met by the Group.
Sergey Trifonov - IR Officer
