15:22 28.07.2017

MHP subsidiary to raise $100 mln syndicated loan

1 min read
MHP subsidiary to raise $100 mln syndicated loan

Private joint-stock company Zernoproduct MHP, part of Myronivsky Hliboproduct agricultural holding (MHP), intends to raise a $100 million syndicated loan.

The issue is on the agenda of a general meeting of shareholders scheduled for August 12, 2017.

According to the document, the borrower will be Scylla Capital Limited (British Virgin Islands), another structure of MHP.

ING Bank N.V. (the Netherlands), Credit Agricole Corporate and Investment Bank and other financial institutions will act as creditors.

MHP S.A. (Luxembourg) and Raftan Holding Limited (Cyprus) acts as guarantors and Urozhay scientific and industrial firm LLC, Katerynopilsky Elevator LLC (both based in Cherkasy region), PJSC Myronivsky Hliboproduct (Kyiv region), Urozhayna Krayina LLC (Sumy region) and Vinnytska Ptahofabryka (Poultry Farm) LLC will provide collateral.

The loan could be increased to $150 million. The loan is to be repaid by August 31, 2020.

MHP (Myronivsky Hliboproduct) is the largest poultry producer in Ukraine. It is also engaged in production of grains, sunflower oil, and meat.

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