ViOil triples tenor and gets same pricing for latest PXF

Malta, September 2018: ViOil is expected to reach full financial close on a new $80 million pre-export financing (PXF) early next week. The deal is the same volume as ViOil's 2017 one-year PXF but the tenor has been upped to three years - matching efforts made by other agri businesses in Ukraine (e.g. Nibulon, Kernel, MHP). The borrower is said to have achieved the same pricing as last year - in the region of 550bp - despite the longer term. Signed on 25 July, the deal is being led again by ING with participation from IIG Bank, Credit Agricole, Credit Europe and Raiffeisen Bank. CMS is legal counsel for the lenders. Credit Europe replaced EFA Group as the only modification to the participant line-up compared to last year's facility.

 


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