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29 Apr 2015 07:01
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PRESS RELEASE
29 April 2015, Kyiv, Ukraine
MHP S.A.
10.25% Senior Notes due 2015 payment
MHP S.A. ("MHP" or the "Company", LSE ticker: "MHPC"), one of the leading agro-industrial companies in Ukraine focusing on the production of poultry and the cultivation of grain, today announces that 10.25% Senior Notes due 29 April 2015 in amount of US$234 million are paid using syndicated loan facility of IFC(International Financial Corporation), a member of World Bank Group, which provided MHP with US$200 million (US$175 million from IFC and US$25 million from ING), and the Company's cash from operations.
Commenting on the payment, Yuriy Kosyuk, Chief Executive Officer of MHP, said:
"We are happy to have a long-standing relationship with IFC and ING, which continue to support and strengthen our Company. This latest transaction enabled us to continue implementing our strategy, to prove to our stakeholders that MHP is a long-term reliable partner, who always meets its obligations despite challenging time in Ukraine."
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Rufat Alimardanov, IFC Regional Manager for Ukraine and Belarus, said:
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"This financing to MHP is our largest deal in Ukraine's agribusiness sector to date. Through working with partners such as MHP we support the development of Ukraine's agribusiness. The sector has a tremendous potential and can help drive Ukraine back to economic growth path and help create jobs."
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For further information please contact:
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Β For investor relations enquiries Anastasiya Sobotyuk (Kyiv)
| Β Kyiv: +38Β 044Β 207 99 55 a.sobotyuk@mhp.com.ua |
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