| POLISH FINANCIAL SUPERVISION AUTHORITY | |||||||||||
| UNI - EN REPORT No | 20 | / | 2014 | ||||||||
| Date of issue: | 2014-08-13 | ||||||||||
| Short name of the issuer | |||||||||||
| KERNEL HOLDING S.A. | |||||||||||
| Subject | |||||||||||
| KERNEL RENEWS PRE-EXPORT CREDIT FACILITIES | |||||||||||
| 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 two pre-export working capital credit facilities with syndicates of European banks. The first facility has a committed limit of USD 180 million and a committed option to expand to USD 230 million for pre-export financing of grain from Ukraine. The second facility has a committed limit of USD 50 million for pre-export financing of grain and sunflower oil from the Russian Federation. Both credit lines are one year secured revolving facilities typically used to finance the company’s working capital for export operations. | |||||||||||
| 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 | ||
| 2014-08-13 | A.Usachova, Y.Kovalchuk | Directors | |||
