Ukrproduct Group pays interest on EBRD’s loan
Ukrproduct Group, one of the leading Ukrainian producers and distributors of branded dairy foods and beverages (kvass), on June 10 made another interest payment under the terms of its loan agreement with the European Bank for Reconstruction and Development (EBRD) dated March 31, 2011 and subsequent restructuring terms, the company has reported on the London Stock Exchange (LSE).
The sum paid is not provided.
“EBRD and the company are in the process of amending the loan agreement based on the revised terms as announced on December 15, 2015 and expect to finalize documentation shortly,” the company said.
As reported, the terms of restructuring envisage the extension of the payment date from December 10, 2018 to December 1, 2024 and the 12-month period for returning capital to shareholders.
