Mriya Agro Holding has received a third tranche this year of USD 5mln to boost its working capital. As before, current bond holders have provided the funds. These will allow the company to implement in full its investment plan that was approved in June 2016. In particular, part of the funds will be used to buy vehicles and equipment as part of the programme to upgrade the equipment pool.
“Thanks to the continued support and trust of bondholders, the company will be able to carry out its operations up to the end of 2016 as planned. In total during this year, we have received USD 46mln of working capital that has met our requirements 100%”, Ton Huls, Mriya’s CFO said.
In total, starting from June 2015, Mriya’s creditors and bondholders have invested USD 77mln in restoring and supporting the company’s operations.
