The syndicate of UniCredit International and Raiffeissen\u00a0Bank International, coordinated by Royal Bank of\u00a0Scotland, which all together acted as joint\u00a0arrangers and\u00a0bookrunners of the deal, provided a senior secured long-term loan to\u00a0Milkiland N.V.
\nThe syndicated facility amounts to USD\u00a0100 million with the 4-years maturity, and aimed at refinancing of existing loans of Milkiland Group, as well as supporting of further development of the Company\u2019s business. The loan can be utilized by Milkiland in parts, during availability period of 9 months.<\/p>\n
Comment by Anatoliy Yurkevich, Chairman of the Board of Directors, Milkiland N.V.:<\/i>
\n\u201cThe successful closure of a syndicate loan facility deal in existing unfavorable market conditions is\u00a0a\u00a0clear evidence of financial stability and investment attractiveness of Milkiland. The\u00a0utilization of this loan will support our development plans, both organic and through M&A. In addition, our\u00a0Group will benefit from lower interest rate compared to existing loans.<\/i>
\nMeanwhile, we carefully evaluated the risks related to this facility, including foreign currency exchange risks. We\u00a0are\u00a0confident that our competitive advantages, first of all the Milkiland\u2019s status as\u00a0a\u00a0leading Ukrainian cheese exporter, will represent a natural hedge against possible local currency devaluation. In addition, a prolonged availability period provides Milkiland with flexibility in managing of currency risks. \u201d<\/i><\/p>\n
About Milkiland N.V.<\/b><\/p>\n
Milkiland is a TOP-5 diversified dairy producer operating in Russia and Ukraine offering a wide range of dairy products such as fresh dairy, cheese, and butter, to satisfy consumers in their everyday needs for healthy and tasty foods.
\nIn Russia, the company produces fresh dairy products at Moscow-based OJSC \u201cOstankino Milk Combine\u201d and sells under Ostankinskaya brand. Also, Dobryana Ukrainian cheese is sold in many Russian cities, including Moscow, St. Petersburg, Voronezh, Nizhniy Novgorod, Saratov, Kaluga, Chelyabinsk, Orel, Ekaterinburg, Omsk, and Kaliningrad.
\nIn Ukraine, the company controls 10 plants producing wide range of dairy products. Its cheese, fresh dairy products and butter are widely available across all Ukrainian cities under brands Dobryana and Kolyada. Milkiland exports dairy products from Ukraine to over 30 countries.
\nThe revenue of the company in the year 2010 was EUR 258mn, net profit EUR 22mn.
\nMilkiland N.V. is a Dutch holding company controlling the Group. DE \u201cMilkiland Ukraine\u201d is\u00a0its\u00a0100% subsidiary controlling the business of the Group in Ukraine. Shares of Milkiland N.V. have\u00a0been listed on the Warsaw Stock Exchange since December, 6, 2010.<\/p>\n
For more information please contact:<\/i><\/p>\n