MHP accepted redemption application for notes worth of USD 416 mln

The agri-industrial holding Myronivsky Hliboproduct (MHP) accepted for purchase all validly tendered Notes worth of USD 416.18 mln.

At the same time, notes for the amount of USD 495.6 million are in circulation.

It is noted that aggregate principal amount of Notes tendered and accepted prior to the Early Tender was estimated at USD 409.78 mln, and Notes tendered following the Early Tender Deadline — USD 6.4 mln.

MHP announced the closing of the USD 550 mln aggregate principal amount of 6.95% notes due 3 April 2026. The proceeds of the Notes will be used to finance MHP SE’s tender for any and all of its USD 495.6 mln aggregate principal amount outstanding 8.25% notes due 2020, of which USD 409.78 mln have been accepted for payment to date, and for short-term debt refinancing, general corporate purposes and to finance the expansion and diversification of the MHP group’s poultry and grain businesses.