The Dutch ING Bank N.V., one of the largest financial institutions in the world with offices in more than 40 countries, was the organizer of the USD 80mln pre-export facility, and will act as a bookkeeper of the issued syndicated loan.
Upon the arrangement, ViOil group can fully meet its working capital needs for the 2017/2018 marketing year, told Alla Vlasyuk the FCO of the borrowing entity. ViOil treats the syndicated pre-export facility as a step forward to the European capital markets.
In April this year, the sunflower oil producer voiced its major reconstruction plan for the Chernivtsi Fat-and-Oil Combine. After the reconstruction of the first production site, the plant will be able to process 1,800tons of sunflower seeds per day. As of present, the projected capacities of Chernivtsi Fat-and-Oil-Combine amount to 460tons of sunflower seeds per day. In addition, the company carries construction of a rapeseed processing plant in the territory of the combine in Chernivtsi in the Western Ukraine.
ViOil is a large and dynamically developing producer and exporter of sunflower oil in Ukraine. The company owns Vinnitsa and Chernivtsi Fat-and-Oil Combins, grain collection sites and elevators in Ukraine, along with sales offices in Vinnitsa, Chernivtsi, Kyiv and Moscow.
