Mriya will obtain a credit of $ 50 million

Mriya will obtain a credit of $ 50 million

23.03.2016 News

Mriya will obtain a credit of $ 50 millionMriya 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

Other articles

  • Radisson Hotel Group strengthens its extended stay value proposition and ambitiously grows its serviced apartments portfolio across EMEA
    News

    Radisson Hotel Group strengthens its extended stay value proposition and ambitiously grows its serviced apartments portfolio across EMEA

    Radisson Hotel Group has plans to more than double its serviced apartments portfolio within the next 5 years across EMEA. Today, serviced apartments represent around 10% of the Group’s EMEA portfolio with 45 properties and more than 5,400 units in operation and under development. Radisson Hotel Group operates its serviced apartments as a stand-alone or […]

  • Uber stops developing a car without a driver
    News

    Uber stops developing a car without a driver

    On Monday, December 7, Uber and startup Aurora Technologies announced an agreement under which Aurora will take over Uber’s Advanced Technologies Group, which has been developing self-governing cars. Under the terms of the agreement, Uber will receive $ 400 million, 26% of Aurora shares, and the general director of the taxi service, Dara Khosrowshahi, will […]

  • Tesla will sell shares for $ 5 billion
    News

    Tesla will sell shares for $ 5 billion

    Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]

  • The first batch of Pfizer COVID vaccine has arrived in Israel
    News

    The first batch of Pfizer COVID vaccine has arrived in Israel

    The first batch of Pfizer coronavirus vaccine has been delivered to Israel. This was reported by The Jerusalem Post on Wednesday, December 9. “A DHL flight from Brussels carried more than 100,000 doses of the newly created vaccine and landed at Ben Gurion Airport in Tel Aviv around 9 a.m.,” the statement said. The doses […]

  • Exxon Mobil announces record depreciation of its gas assets by $ 20 billion
    News

    Exxon Mobil announces record depreciation of its gas assets by $ 20 billion

    The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]

  • Pfizer will deliver half of the planned number of vaccines in 2020
    News

    Pfizer will deliver half of the planned number of vaccines in 2020

    Shares of Pfizer and BioNTech fell 1.74% and 2% (respectively) on Thursday amid news that companies will deliver half of their planned number of vaccines against COVID-19 in 2020. On November 20, Pfizer and its German partner BioNTech applied to the FDA (US Food and Drug Administration) for permission to use their vaccine in an […]

  • JD.com will be the first platform to accept China’s cryptocurrency
    News

    JD.com will be the first platform to accept China’s cryptocurrency

    Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]

Read also

Mriya will obtain a credit of $ 50 million
News

Uber stops developing a car without a driver

On Monday, December 7, Uber and startup Aurora Technologies announced an agreement under which Aurora will take over Uber’s Advanced Technologies Group, which has been developing self-governing cars. Under the terms of the agreement, Uber will receive $ 400 million, 26% of Aurora shares, and the general director of the taxi service, Dara Khosrowshahi, will […]

Next
Mriya will obtain a credit of $ 50 million
News

SoftBank will sell British Arm Holdings to American Nvidia

In the following days, the Japanese telecommunications holding Softbank intends to sell the large British manufacturer of microprocessors Arm Holdings to one of the world`s leaders in the production of graphics processors, chipsets and software, the American company Nvidia. The deal will be approximately of $ 40 billion. According to the Financial Times, the deal […]

Next
Mriya will obtain a credit of $ 50 million
News

The Ukrainian investment company Digital Future co-invested $ 13.1 million in the startup of YouAppi in the round

The Digital Future Investment company became a co-investor in the startup YouAppi round “B”. According to the CEO of the Digital Future,  Alexei Vitchenko, this  is the first transaction of the Ukrainian investment company  in the “B” round level. The deposit amount is not disclosed. American-Israel YouAppi service was founded in 2011. YouAppi technology is […]

Next
Mriya will obtain a credit of $ 50 million
News

Roshen invests € 25 million in the construction of the Vinnitsa dairy plant

The Roshen Confectionery Corporation plans to invest € 25 million in the construction of the second stage of the Vinnytsia dairy plant. This was announced by the director of the plant Dmitry Roshupkin, – writes the  “Interfax-Ukraine”. “We have already started designing the second stage, the first piece of equipment has been already in order. […]

Next
Mriya will obtain a credit of $ 50 million
News

PrivatBank sued Kolomoisky for a billion

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
Mriya will obtain a credit of $ 50 million
News

Kromberg&Schubert increases the investments in its plant in Zhitomir

The manufacturer of on-board cable systems is  ready to increase the number of workers from 900 to 5000 people. A foreign investor, a manufacturer of cable networks for automobiles – Kromberg and Schubert has invested in the production of automotive components plant in Zhitomir € 10 million, and it plans to double its investment and […]

Next
Mriya will obtain a credit of $ 50 million
News

The value of bitcoin has approached $ 20 thousand

Last week, the value of cryptocurrency fell sharply, but now it is approaching a historic high again. According to Coin Desk, after a sharp drop last week, the value of bitcoin broke the record and reached $ 19,686. Thus, the cryptocurrency exceeded the value recorded on December 16, 2017 by $ 20,665. But the absolute […]

Next
Mriya will obtain a credit of $ 50 million
News

Saudi Aramco has stopped investing in a petrochemical complex in China

According to Bloomberg sources, state oil company Saudi Aramco of Saudi Arabia has stopped investing in a project of building oil refinery and petrochemical complex in China, estimated at $ 10 billion. The decision to terminate the investment was made after talks with Chinese partners and it is associated with high uncertainty about the prospects […]

Next
Mriya will obtain a credit of $ 50 million
News

Netflix’s future growth will come from India and other major Asian markets

Shares of Netflix fell after the company released a quarterly report on October 20 with only 2.2 million new subscribers. At the same time, over the last week, stock growth has resumed and since the beginning of the year, the share price of Netflix has risen by 59%. The company’s management and analysts cited the […]

Next
Mriya will obtain a credit of $ 50 million
News

The Antimonopoly Committee of Ukraine gave the “Gazprom” two months to pay the fine

The Antimonopoly Committee of Ukraine explained its fine to the “Gazprom” in the amount of 86 billion UAH refferint to noncompliance of contact relations from 2009 on gas transit through the Ukrainian territory by the Russian company, with the result that the “Naftogaz” lost significant incomes from the reduction of pumping volume of the fuel […]

Next
Mriya will obtain a credit of $ 50 million
News

The court arrested the “Fozzy-Food” accounts, because of the underestimation of VAT

The Solomensky District Court of Kiev had arrested the “Fozzy-Food” accounts (Vishneve, Kyiv region) due to the underreporting by the officials of the value added tax. This is stated in the definition of the Court of 18 May, says the Ukrainian News. The Solomenskiy District Court of Kyiv has received a request for the seizure […]

Next
Mriya will obtain a credit of $ 50 million
News

Prada restructures business because of low sales

The famous Italian fashion house Prada has decided to make adjustments  of the management of its business  because of the fact that the company’s sales began to fall. General Director of Prada Patrizio Bertelli  is going to re-equip production and hold a business restructuring. At the end of 2013 the company’s revenues declined, while management […]

Next
Mriya will obtain a credit of $ 50 million
News

Eurozone finance ministers have approved the ESM reform

German Finance Minister Olaf Scholz said that eurozone finance ministers had agreed on a package of measures to reform the European Stabilization Fund (ESM). “The ESM reform strengthens the euro and the entire European banking sector,” said Scholz, whose country currently holds the EU presidency. According to the agreements, a new “safety cushion” for European […]

Next
Mriya will obtain a credit of $ 50 million
Analytics

How exists and breathe the agrarian business of Ukraine

If there is a sector in which Ukraine is objectively comparable to the leaders of the world rankings, it is agriculture. According to the «Food» and «Agriculture Organization», Ukraine ranks third in the world by percentage of cropland against the total county’s area. And according to the «National Master»(global statistics portal), Ukraine occupies the 4th […]

Next
Mriya will obtain a credit of $ 50 million
News

Ferrari and Lamborghini are leaving the Ukrainian market

Ferrari and Lamborghini announced the termination of official deliveries of its supercars on the territory of Ukraine in 2016 due to the unstable situation in the local market. This was announced by Victor Postelnikov the “Vipos” CEO who sell these models. “Because of the situation in the country, our market is not ready today to […]

Next
Mriya will obtain a credit of $ 50 million
News

Moderna has received an order from the US government in the amount of $ 1.53 billion for 100 million doses of vaccine COVID-19

Shares of Moderna that up to 252.6% since the beginning of the year, increased by 9% before the opening of trading on Wednesday against the backdrop of President Donald Trump signing a major government agreement with the company to supply 100 million doses of its mRNA-1273 vaccine against COVID-19. According to a Moderna press release […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com