Kernel Holding S.A. Signed USD 210 mln Agreement
OREANDA-NEWS. June 25, 2012. Kernel Holding S.A. reports that on 22 June 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.