Extension of EUR 840,000,000 short term maturities
Nov 10, 2016
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.