On 20 March 2019, Milkiland has published an official information regarding the assignment of the indebtedness in the sum of USD 29.29 million under Loan Facility Agreement with the syndicate of international banks, namely UniCredit Bank Austria AG and ZAO Raiffeisenbank (hereinafter “the Syndicate”, “the Facility agreement”) dated 16 December 2011, to a New Lender, namely Swestal Holding ltd.
The full text of the respective current report of Milkiland could be found by the following link: https://mlkfoods.tonic-adv.com/upload/iblock/950/Current-Report-2-SyndicatedLoan-NewCreditor-20March2019.pdf
Comment by Sergey Trifonov, IRO, Milkiland N.V.:
“The New Lender undertook the rights related to the half of the principal sum of the indebtedness of Milkiland N.V. under the Facility Agreement. The Milkiland’s management plans to continue the negotiations on the restructuring of this debt with the New Lender and hopes to achieve the progress on this way in the foreseeable future”.