Ukrainian agricultural holding will receive $480M in loans for debt refinancing and other needs.

The IFC, EBRD, and DFC will provide Ukrainian agricultural holding MHP with $480M for debt refinancing and maintenance of current activities. As reported by the IFC, it will provide $30M for the modernization and development of a complex for processing organic waste into electricity and a $100M loan to increase financial stability and refinance Eurobonds.

The EBRD loan for $100M is provided to ensure MHP’s financial stability. The loan will help the company refinance its Eurobonds, as it has limited access to capital markets. Under the terms of cooperation with the EBRD, MHP undertook to strengthen its climate corporate governance.

DFC will provide MHP with a $250M loan to support the Ukrainian chicken and grain producer and mitigate the consequences of the Russian invasion. These funds will be used for debt refinancing and to support meat and grain production.