As reported on the EBRD's website, the funded participation of up to €25 million in USD in a 3-year syndicated revitalized working capital financing of up to $100 million for Nibulon which is organized by ING. Funding will be in the form of a senior secured 3-year reserved revolving loan to meet the seasonal working capital requirements associated with the trading operations of the NIBULON Group of Companies.
In addition, EBRD participation will assist NIBULON in assessing climate risks and impacts from its activities; developing a climate strategy for an action plan to improve corporate climate governance; continuing to develop river logistics networks and maximizing their utilization.
"Our company's mission is to overcome world hunger by creating a transparent and civilized grain market in Ukraine, improving the quality of grown products and bringing Ukrainian farmers closer to end consumers. We are building an environmentally friendly logistics system by reviving freight shipping on Ukraine's inland waterways and thus stimulating the revival and development of national shipbuilding," said Oleksiy Vadaturskyi, general director of NIBULON LLC.