Kernel attracts USD 170 mln loan from Russian bank

Обзоры по компаниям и отраслям 25.12.2012 Kernel Holding (KER PW) entered into agreement to withdraw a USD 170 mln loan facility form a Russian bank, the company informed on Dec. 24. The facility consists of two tranches: USD 100 mln that matures in 5 years and USD 70 mln maturing in 1.5 years. Kernel is going to use the new funds for repayment of existing loans – about USD 690 mln of which will mature in 2013. This looks like the first deal with Russian bank - earlier Kernel borrowed only from Ukrainian and European banks.