Poultry producer Zernoproduct MHP to attract USD 100mln syndicated loan

A subsidiary company Zernoproduct MHP of domestic major MHP (Myronivsky Hliboproduct) has plans to attract USD 100mln syndicated loan. The company must decide upon the issue at the shareholders’ meeting scheduled for August 12, 2017. The direct borrower will become a still another company associated with MHP, that is Scylla Capital Limited (the Virgin Islands). It is expected that ING Bank N.V, Credit Agricole Corporate and other investment banks will participate in the facility allocation. The loan can be increased up to USD 150mln maturing in 2020. The guarantors are MHP S.A (Luxembourg) and Raftan Holding Limited (Cyprus). At this, the co-signers of the loan will be research and production company Urozhay and Katerinopol elevator Ltd. (both located in Cherkassy region), Myronivsky Hliboproduct (Kyiv), Urozhayna-kraina Ltd. (Summy region), and Vinnytsia poultry farm. To note, agricultural MHP is not only the largest poultry producer but it also deals with grains, sunflower oil, and other meat products. The company sells its products under 7 trademarks in Ukraine only.