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KSG AGRO S.A.: Restrukturyzacja zadłużenie w Landesbank Baden-Wuerttemberg (ESPI)

17.07.2019 14:58

Nazwa arkusza: RAPORT BIEŻĄCY

KOMISJA NADZORU FINANSOWEGO










Raport bieżący nr8/2019






Data sporządzenia: 2019-07-17
Skrócona nazwa emitenta
KSG AGRO S.A.
Temat
KSG Agro zrestrukturyzował zadłużenie w Landesbank Baden-Wuerttemberg
Podstawa prawna
Treść raportu:
KSG Agro S.A., ukraiński koncern rolno-spożywczy notowany na GPW w Warszawie,
podpisał umowę restrukturyzującą zadłużenie kredytowe w niemieckim banku
Landesbank Baden-Wuerttemberg (LBBW, Bank Krajowy Badenii-Wirtembergii).

Nazwa arkusza: MESSAGE (ENGLISH VERSION)


MESSAGE (ENGLISH VERSION)






KSG
Agro Agricultural holding restructured its credit debt with Landesbank
Baden-Wuerttemberg (LBBW). In accordance with the agreement entered into
by KSG Agro and Landesbank Baden-Wuerttemberg (Germany), the debt of the
agricultural holding to the German bank was restructured under a loan
agreement dated 10.29.2012. The agreement states that within the loan
agreement 11.5 million Euros was received, while the balance of the debt
is 8.3 million euros
plus 1.352 million Euros interest.
As a result, the agricultural holding is to pay 33% of the debt, which
amounts to 3.2 million euros.The LBBW loan funds were attracted by the
agricultural holding in order to purchase equipment produced by the
German company Big Dutchman for a pig farm in Niva Trudova
(Apostolivskyi district, Dnipropetrovsk region) owned by Rantier LLC,
which is part of KSG Agro. “The German bank LBBW has become another
international lender who lent a hand to our agricultural holding,
allowing the debt to be repaid with a high — almost 70% discount,”
commented the agreement Sergiy Kasianov, chairman of the board of
directors of the agricultural holding KSG Agro. - For us, a successful
restructuring means the release of working capital, which will be aimed
at the development of existing and the start of new projects in the
field of crop and pig production. This year, the resolution of credit
debt issues will remain among our strategic priorities.”DOSSIERLandesbank
Baden-Wuerttemberg (LBBW) is a German international universal bank,
which is among the top 10 banks in Germany, being the largest land bank.
It is controlled by the city of Stuttgart, land savings banks and the
land of Baden-W
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