MHP gains USD 50 mln loan tranche from IFC
15 January 2013
MHP (MHPC LI, MHPSA), Ukraine’s leading poultry producer, has gained a USD 50 mln loan tranche from International Finance Corporation, as stated in a Jan. 14 IFC press release. The fourth tranche of IFC’s debt facility is geared towards financing its Vinnytsia project. The debt facility, if fully utilized, will only marginally increase the company’s leverage to 2.08x from 1.97x Net Debt/LTM EBITDA, safely above its Eurobond covenant of 2.5x.
