CMS has advised a syndicate of banks on a USD 65 million credit facility for a subsidiary of Kernel Holding S.A., the Ukrainian agricultural conglomerate.
The one-year secured facility will be used for working capital purposes in the company’s farming segment. Although the firm declined to give further details, it has been reported elsewhere that ING and UniCredit Bank Austria are bookrunners for the 13-month facility, and BNP Paribas and Rabobank are Lead Arrangers.
Kernel, which is listed on the Warsaw Stock Exchange, is a leading diversified agribusiness company in the Black Sea region. It handles about 6 million tons of agricultural commodities per year, and supplies international markets with grain and sunflower oil produced in Ukraine and Russia.
The CMS team advising the banks was led by CMS Partner Mark Segall, and included Partners Kaspar Landolt, Vivian Walry, and Eduard Scheenstra, Senior Associates Kateryna Chechulina, Elitsa Ivanova, and Vyacheslav Ovechkin, and Associate Tetiana Mikhailenko.
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