Mriya to raise USD 65 mln debt from IFC
17 January 2014
The International Finance Corporation (IFC) is arranging for USD 65 mln in debt financing for Mriya Argo Holding (MAYA GR), one of Ukraine’s largest agricultural producers, as announced by Mriya’s legal adviser Asters on Jan. 16. The financing program consists of two parts. The first is a two-year, USD 60 mln loan for working capital purposes that will replace and extend a USD 35 mln loan maturing in March 2014. The second is a USD 5 mln debt secured for waste management and energy efficiency projects. Mriya’s net debt to LTM EBITDA stood at 2.37x as of September 2013, up from 2.2x in June 2013.
