Kernel entered into USD 100 million credit facility

Kernel Holding S.A.  announced that as of 22 February 2018, the company finalized the execution of pre-export credit facility with a syndicate of European banks.

The two-and-a-half-year secured revolving facility with a limit of USD 100 million will be used by the company to fund the working capital needs of its grain export business in Ukraine.

Reference: in October 2017, Kernel  entered into pre-export credit facility with a limit of USD 200 million with a syndicate of European banks to fund the working capital needs of its sunflower oil production business in Ukraine.