Kernel signs USD 210 mln revolving credit agreement
26 June 2012
Kernel Holding (KER PW) reported yesterday that a subsidiary entered into a USD 210 mln one-year revolving secured credit agreement with a syndicate of European banks. The facility can be used to finance purchases, storage and shipment of corn, barley, wheat, rapeseed and soybeans. No other terms of the loan were provided. The facility should add some financial flexibility to Kernel’s soft commodity trading business, allowing it to better compete with international trading companies.
