July 28, 2017 | Cbonds
|One of the subsidiaries of the MHP agro holding interested in attracting of a syndicated loan of USD 100 mn with a possibility to increase it up to USD 150 mn and maturity on August 31, 2020. This issue was included in the agenda of scheduled for August 12 General Meeting of Shareholders.|
Another structure of the MHP – Scylla Capital Limited (British-Virgin Islands) will act as the intermediate borrower, while the ING Bank N.V. (Netherlands) and Credit Agricole Corporate and Investment Bank will be among the Company’s creditors. Guarantors for the loan are MHP S.A. (Luxembourg) and Raftan Holding Limited (Cyprus) and other Ukraine-based subsidiaries of MHP.
We think that one of the main reasons, why MHP considers the possibility to attract financing for its Ukraine-based subsidiary is its need of extra working capital for the future sowing of winter crops, which will be held at the autumn’s beginning, as the significant amount of resources was spent on the Company’s business development in the European Union. In 2016 share of winter crops was around 14% of total crops volume harvested.
Організація: Empire State Capital Partners
|Повна назва організації||Empire State Capital Partners|