Kernel set to secure yet another facility, as EBRD continues Ukrainian push

Grain field
By Mariam Meskin
11 Sep 2019

Kernel, a Ukrainian grain and sunflower producer, is set to secure yet another credit facility, alongside an amend and extend deal it recently signed. The European Bank of Reconstruction and Development will provide up to $80m of the total $300m facility, as the development bank continues to support Ukrainian corporates.

The Kernel Grain working capital facility project has a total cost of $300m, of which $80m is being provided by the EBRD. A source close to the matter confirmed the remaining $220m would be provided by a syndicate of international banks. 

The deal received EBRD board approval last week ...

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