Company stated that on June 22, 2012 Inerco Trade SA (“the Borrower”), a subsidiary of Kernel Holding S.A., entered into a USD 210 million secured revolving facility agreement (“the Facility”) with a syndicate of European banks. The Facility is effective through 30 June 2013 and will be drawn, subject to the fulfillment of precedent conditions, by the Borrower for the purpose of financing the purchase, storage, transportation and transshipment of agricultural commodities such as corn, barley, wheat, rapeseed and soybeans.

AgroInvest comment: Kernel is a leader of attracting external funds, reaching USD 335 M in 2012, aiming to grow, expand and modernize with the sole purpose of staying competitive with the largest agro holdings in Europe.

For more detail please refer to the UAIndex Daily (June 25 issue).

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