Company name Agrokor D.D.
Headline Extension of Short Term Maturities


RNS Number : 8935O
Agrokor D.D.
10 November 2016
 

Company name

Agrokor D.D.

Headline

Extension of short term maturities

 

 

10 November 2016

 

Company name: AGROKOR d.d.

ISIN: 2019 Notes: XS0776111188 (Reg S), XS0776110966 (144A); 2020 Notes - EURO: XS0836495183 (Reg S), XS0836495696 (144A); 2020 Notes - USD: USX0027KAG32 (Reg S), US00855UAB52 (144A)

Date: 10 November 2016

Extension of EUR 840,000,000 short term maturities

Agrokor D.D. ("Agrokor") has completed a wider refinancing exercise, extending c. EUR 840,000,000 of existing debt to approximately 2-3 year maturities. Agrokor has agreed with VTB Bank (Austria) AG the extension of c. EUR 340,000,000 of existing debt to approximately 2-3 year maturities.  This is in addition to the extension of c. EUR 500,000,000 of short term debt in various bilateral and club facilities with BNP Paribas, Credit Suisse AG, London Branch, Goldman Sachs International Bank, J.P. Morgan Securities plc, Sberbank Europe AG, and Sberbank of Russia, which was announced on 19th September, 2016 and the conditions to the effectiveness of which have now been satisfied. Agrokor now has reduced short term debt, with the majority of its facilities repayable from 2019 onwards.

General

Headquartered in Zagreb, Croatia, Agrokor D.D. is one of the leading food manufacturers, distributors, retailers and wholesalers in South-eastern Europe (comprising Albania, Bosnia & Herzegovina, Croatia, Greece, Kosovo, Macedonia, Montenegro, Serbia, and Slovenia). Agrokor group had 2015 revenues and EBITDA of €6.4bn and €554mm respectively.

Agrokor D.D. has a corporate rating of B2/B (Moody's/S&P).

Contact details:

-     Luka Cvitan, Executive Director for Capital Markets

-     Hido Lajtman, Executive Director in Legal Affairs

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 


This information is provided by RNS
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