| POLISH FINANCIAL SUPERVISION AUTHORITY | |||||||||||
| UNI - EN REPORT No | 21 | / | 2014 | ||||||||
| Date of issue: | 2014-08-28 | ||||||||||
| Short name of the issuer | |||||||||||
| KERNEL HOLDING S.A. | |||||||||||
| Subject | |||||||||||
| KERNEL RENEWS USD 320 MILLION CREDIT FACILITY | |||||||||||
| Official market - legal basis | |||||||||||
| Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne | |||||||||||
| Unofficial market - legal basis | |||||||||||
| Contents of the report: | |||||||||||
| Kernel renewed its sunflower oil pre-export credit facility and security package with a syndicate of European banks. A one year secured revolving facility with a limit of USD 320 million and option to increase up to USD 400 million is used by the company to fund the procurement of sunflower seeds for its sunflower oil production business in Ukraine. Anastasiia Usachova, the CFO of Kernel, said, “The renewal of this facility – along with two other facilities announced earlier this month – completes our refinancing needs for the 2014/15 marketing year. We appreciate the banks’ continued commitment to partner with our business despite the challenging times." | |||||||||||
| Annexes | |||||||||||
| File | Description | ||||||||||
| 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-1331 | Luksemburg | ||||||||||||
| (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 | ||
| 2014-08-28 | A.Usachova, Y.Kovalchuk | Directors | |||
