Mriya Agro Holding has received a proposal for the financing of working capital in the amount of $ 50 million to finish the season in 2016, reports the press-service of the company.
According to the report, the Mriya company has received an offer from a consortium of current bondholders and from the international investors about the opening of a new credit line in the amount of $ 50 million.
The new working capital will allow to finish the spring sowing and to conduct a harvesting campaign. An essential condition for obtaining a loan is a decision of majority of creditors on the restructuring agreement.
It is noted that the agricultural holding Mriya is now in the process of negotiating with creditors and coordinating committees bondholders concerning conditions of restructuring the debt portfolio, in which changes necessary for attracting a new credit were made.
The financial director of the Mriya Ton Huls notes that the restructuring process through which Mriya takes a course, is unique in Ukraine, since it provides all the benefits of creditors’ equity participation. Besides, the process involves a large number of stakeholders with different interests, each of which operates as part of their procedure.
“Our current task is to coordinate the acceptance of conditions by the majority of creditors, as well as integrate and consolidate all the individual loan agreements to the new standard loan document that would be acceptable for all parties and consistent with the laws of Cyprus and Ukraine. We hope that we can quickly go through all the necessary legal and administrative procedures “, – he added.
It is also noted that the Mriya urges the creditors to agree the terms of the restructuring and to attract working capital until the end of March 2016; in this case, an additional working capital of the company will be financed in the end of April.
“During the talks was also agreed to prolong the loan agreement for $ 9 million under the loan to replenish working capital, received by Mriya in June 2015”, – reported the company.
Source: latifundist.com
The European Union has launched an antitrust investigation against Google to determine whether the company has violated EU rules by giving priority to advertising its services to the detriment of competitors. The Financial Times reports. According to the European Commission, the investigation will find out whether Google undermines competition rules by restricting third party access […]
Over the next 12 months, Ukraine must pay $ 10 billion from its foreign currency debt. This is stated in the June report of the National Bank on financial stability. “Over the next 12 months, only foreign currency payments of the government and the NBU on public and guaranteed debt will exceed $ 10 billion. […]
The US Federal Reserve maintained the base interest rate at 0-0.25%, as expected by the market. This is stated in the message of the financial regulator following a meeting of its leadership. “The Committee has decided to keep the target rate range for federal funds at 0-0.25% and considers it appropriate to maintain this range […]
The price of Brent oil may rise to $ 100 per barrel by 2022, according to a report of Bank of America. Analysts of the organization have found six reasons for this development. Three reasons are related to demand and three – to supply. The first point is the delayed demand for fuel after lockdowns, […]
In Germany, Telegram faces a fine of 55 million euros because the company does not have a contact person who would be obliged to communicate with the state to distribute content that violates the law. Der Spiegel reported this. If the company refuses to cooperate with the German authorities, the application may be blocked in […]
Significant strengthening of the hryvnia against the dollar is due to four main factors. Vasyl Furman, Deputy Chairman of the Council of the National Bank of Ukraine, said this on the air of Ukraine 24 TV channel. “This is primarily an increase in prices in commodity markets, on the one hand, although, on the other […]
Ukraine is in the top 10 countries with the highest earnings on Bitcoin in 2020 – Ukrainian investors received about $ 400 million in profits on cryptocurrency. The Ministry of Finance with reference to the data of the analytical company Chainalysis reported this. The authors of the rating draw attention to the obvious dominance of […]
Authorities in the United States and the European Union have agreed to end a long-running trade dispute over the aerospace concerns Boeing and Airbus, which has resulted in mutual tariffs of more than $ 10 billion, said Catherine Ty, the US representative at the trade talks. “The US-EU agreement marks significant progress in reaching a […]
A few days ago was received a blow to the reputation of one of the five largest deposit banks in England – Barclays. The financial institution was fined by regulators for the amount of 72 million pounds for failing in managing, evaluation and controlling financial risks. According to the supervisory authorities, Barclays made significant mistakes […]
Next
In September 2016, the Ukrainian government will open an office, which is financially supported by private equity fund for support investment from abroad. It is about WNISEF (Western NIS Enterprise Fund), which was established in 1994 with a capital of $ 150 million, for the amount, which was paid by the US government. This kind […]
Next
The American pharmaceutical company Bristol-Myers Squibb announced that it will buy biotech MyoKardia for $ 13.1 billion. Quotes of the MyoKardia at the previous trading increased by 59%. Bristol will pay $ 225 for each share of the MyoKardia, corresponding to 61% premium to the value of the company’s securities at the close of trading […]
Next
Hundreds of thousands of workers could lose their jobs in the aviation sector if states do not provide the additional assistance. “In the absence of additional government measures to provide assistance and open borders, hundreds of thousands of airline jobs will disappear, ” – said the executive director of the International Air Transport Association (IATA) […]
Next
The National Bank did not enter the interbank foreign exchange market this week, as in the previous seven weeks. Since the beginning of the year, the NBU has bought $ 290.5 million on the interbank market and sold $ 70 million. The balance of interventions amounted to 220.5 million dollars. It will be recalled that […]
Next
One of the largest airlines in Singapore – Singapore Airlines recently named the price for the shares in the acquisition of the budget carrier Tiger Airways, which is about $ 0.10 per share. Today the Singapore Airlines company already owns a 77% stake in the Tiger Airways, a final deal on the acquisition initially planned […]
Next
Introduced five years ago in Amazon’s warehouses the robots did not make the life easier for the employees – on the contrary, people are now forced to work four times faster. In addition, the robotics has brought Amazon warehouses to the record 14,000 serious injuries by the end of 2019. The current figures are to […]
Next
The Dow Jones and S&P 500 stocks hit record highs on Tuesday, November 24 amid official news of the transfer of power in the United States and progress in the development of coronavirus vaccines. In particular, the Dow Jones industrial index rose by 1.5% and for the first time in history exceeded 30,000 points. According […]
Next
TikTok and one of its employees sued the administration of US President Donald Trump on Monday, because of his decree of a banning video service transactions in the United States, calling it a reason to incite anti-Chinese rhetoric as he seeks to win the election. TikTok Company of Culver City, California, and its Chinese parent […]
Next
On Friday, Buffett’s Berkshire Hathaway announced that it has lost $2 billion on its IBM investment. That’s 15% of the more than $13 billion worth of IBM’s stock that Berkshire has purchased over the past four-plus years. Berkshire says it is still committed to IBM, calling the downturn in IBM’s stock “temporary.” “IBM continues to […]
Next
Jim Hackett, president and CEO of Ford Motor Company, intends to resign. This is stated in the statement, published on August 4 on the company’s website. The new head of Ford from October will be Jim Farley, who is now the company’s chief operating officer. As specified in the document, Hackett in the coming months […]
Next
The Deposit Guarantee Fund of individuals is starting the procedure of withdrawal from the market of Arcade Bank, the press service of the FDG reported. The Fund offered several options for removing the bank from the market: liquidation of the bank of exclusion in the elimination of all or part of its assets and liabilities […]
Next
The court satisfied the claim of the state-owned PrivatBank to Agroterminal and decided to collect UAH 1 billion in debt from it as a guarantor of Boryvazh. This is stated in the decision of the Commercial Court of Odessa region. According to court materials, PrivatBank terminated the loan agreement due to the debtor’s breach of […]
Next
Automaker General Motors has introduced the Buick Electra Concept. The electric car is designed for four people and has a minimalist design. The car can travel more than 660 km without recharging. It takes 4.3 seconds to accelerate to 100 km / h. The total power of the two engines reaches to 583 horsepower. It […]
Next
Leaders of Yahoo have told that they refused from the realizing of the business to China’s Alibaba in the amount of $ 30 billion. The Company also thinks what they have to do with the Japanese peace of the business, which is estimated at $ 8.5 billion. (In the Japanese company they owns […]
Next
Taxi service Uber Technologies Inc. wants to sell the part of its stake in the Chinese taxi ordering service Didi Chuxing worth $ 6.3 billion, writes Bloomberg agency. According to sources, Uber is negotiating the sale of shares in Didi with Japanese company SoftBank Group, which is the major shareholder in both companies. “Although various […]
Next