Kernel renews USD 222 mln credit tranche
22 August 2012
Kernel (KER PW) announced this morning that it renewed a USD 222 mln short-term tranche of dual-tranche USD 500 mln credit line from a syndicate of banks. The facility’s other tranche is a USD 278 mln long-term tranche available until July 31, 2014. Kernel said it plans to draw the facility to finance the purchase, storage and processing of sunflower seed into oil and meal. The renewal is subject to registration with the National Bank of Ukraine and signing of documentation by all parties, both of which is expected by the end of August 2012.
