OREANDA-NEWS. Kernel renewed two pre-export working capital credit facilities with syndicates of European banks. The first facility has a committed limit of USD 180 million and a committed option to expand to USD 230 million for pre-export financing of grain from Ukraine. The second facility has a committed limit of USD 50 million for pre-export financing of grain and sunflower oil from the Russian Federation. Both credit lines are one year secured revolving facilities typically used to finance the company's working capital for export operations.

Kernel Holding S.A. is a company incorporated under the laws of Luxembourg and has been listed on the Warsaw Stock Exchange since 23 November 2007.

Kernel employs 18,000 people, primarily in farming and sunflower oil production, as well as in grain origination and logistics business owned and operated by the Company.

Kernel Holding S.A. is a public company listed on the Warsaw Stock Exchange and registered in Luxembourg.

The Company declares that it follows the non-binding Principles of Corporate Governance as established by the Luxembourg Stock Exchange in October 2009 and the Code of Best Practices for Warsaw Stock Exchange listed companies, where most of the trading in the Company`s shares takes place. The Company`s corporate governance framework is defined as a separate chapter of its Articles of Association.