Kernel syndicated, secured financing signs

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19 August 2010

The syndicated financing facility for Ukrainian agribusiness company Kernel Holding, led by ING Bank and UniCredit Bank, has signed oversubscribed.

The syndicated secured financing being arranged for Ukrainian agribusiness company Kernel Holding and its trading arm Kernel Trade has signed oversubscribed at $260 million, with banks’ commitments being scaled back. It was originally launched at $230 million (TF enews 28/7/10).

ING Bank and UniCredit Bank acted as joint coordinating mandated lead arrangers and bookrunners.

The one-year facility is structured as a dual-tranche committed, annual extendable syndicated secured financing facility. The proceeds...

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