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

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 21 / 2019

Date of issue: 2019-09-04

Short name of the issuer

KERNEL HOLDING S.A.

Subject

KERNEL ANNOUNCE 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 3 September 2019, the Company entered into an amendment and restatement agreement to its pre-export credit facility dated 16 October 2017 with a syndicate of European banks. Total available limit under amended facility was increased up to US$ 390 million by adding additional tranche of US$ 100 million maturing 31 August 2021 Moreover, the tenors of existing tranches were extended for one year: US 200 million till 31 August 2022 and US 90 million till 31 August 2020, respectively. Pre-export credit facility will be used by the Company to fund the working capital needs of its sunflower oil production business in Ukraine.

Annexes

File Description

Current report 21 2019 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 19

(street) (number)

(phone number) (fax)

(e-mail) (web site)

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

Current report 21 2019 eng.pdf

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