Kernel gets USD 100 mln in debt to pay for BSI
27 January 2012
Kernel (KER PW) signed a medium-term loan agreement for USD 100 mln with two unnamed European banks, the company reported on Thursday. No further details were disclosed. Kernel said the loan will be drawn to refinance the acquisition of Black Sea Industries, a sunflower oilseed processing plant the company acquired in June 2011 and paid USD 140 mln for this month.
