KERNEL HOLDING S.A. - KERNEL ANNOUNCES AMENDMENT AND EXTENSION OF ITS PRE-EXPORT CREDIT FACILITY

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 6 / 2021

Date of issue: 2021-04-19

Short name of the issuer

KERNEL HOLDING S.A.

Subject

KERNEL ANNOUNCES AMENDMENT AND EXTENSION OF ITS PRE-EXPORT CREDIT FACILITY

Official market - legal basis

art. 56. 1. 2 of Act on Public Offering.

Unofficial market - legal basis

Contents of the report:

Kernel Holding S.A. (herein “the Company”) is pleased to announce that as of 15 April 2021, the Company entered into an amendment and restatement agreement to its pre-export credit facility dated 2 February 2018 with a syndicate of European banks. The facility will be used by the Company to fund the working capital needs of its grain export operations in Ukraine. Total available limit under amended facility is up to US$ 200 million. The tenors of existing tranches were extended for one year: US$ 34 million till 30 June 2023 and US$ 166 million till 30 June 2022, respectively. The margin for the committed portion of the facility was reduced. One of the lenders exited the facility. The facility will become affective after closing several conditions precedent.

Annexes

File Description

Current report 06 2021 eng.pdf

KERNEL HOLDING S.A.

(fullname of the issuer)

KERNEL HOLDING S.A. Spożywczy (spo)

(short name of the issuer) (sector according to clasification of the WSE in Warsow)

L-1273 Luxembourg

(post code) (city)

rue de Bitbourg 9

(street) (number)

(phone number) (fax)

(e-mail) (web site)

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature